JUDGMENT

(Per Hon'ble Sri Justice Joymalya Bagchi)

On the consent of the parties, the appeal is taken up for hearing.

2. The appellant insurance company has assailed the award dated 30-09-2020 passed by the Chairman, Motor Accident Claims Tribunal - cum - VI Additional District Judge, Visakhapatnam (for short, 'the Tribunal'), in M.V.O.P.No. 280 of 2016, whereby the claim petition was allowed in the following terms:

"1. that the petition is allowed awarding compensation of Rs.71,07,840/- with interest @ 9% per annum from the date of filing petition till the date of deposit and 6% per annum from the date of deposit till the date of realization against R1 to R3 with joint and several liability.

The awarded amount shall be apportioned among petitioners 1 to 3 and Respondents 4 and 5 (parents of the deceased) as follows:

2. that the 1st petitioner is awarded a sum of Rs.21,07,840/- and she is permitted to withdraw 50% of the amount and the remaining 50% shall be kept in Fixed Deposit for three years in any nationalized bank.

3. that the 2nd petitioner is awarded an amount of Rs.20,00,000/