JUDGMENT:

This appeal is preferred by 3rd respondent/Insurance company challenging the award dated 29.11.2012 passed in M.V.O.P.No.448 of 2011 on the file of Motor Accidents Claims Tribunal-cum-VI Addl. District Judge, Krishna, at Machilipatnam, wherein the Tribunal while partly allowing the claim petition, awarded compensation of Rs.4,93,000/- with interest @ 7.5% p.a., from the date of petition till the date of deposit or realization, to the petitioners for the death of the deceased Md.Shakhasim @ Saleem.

2. For the sake of convenience, the parties are arrayed as referred in the trial Court.

3. As seen from the record, originally, the petitioners filed an application U/s 166 of Motor Vehicles Act, 1988 (for brevity “the Act”) claiming compensation of Rs.10,00,000/- with interest and costs on account of the death of the deceased in a motor accident occurred on 21.05.2011 at 7.30 a.m., near Vivekananda Park, Brahmapuram, Pedana Town while the deceased was proceeding from Guduru towards Pedana on his cycle, under the jurisdiction of Pedana Police Station.

4. The facts of the case, in brief, are that the deceased was working as Supervisor under a contractor Borra Seshagiri Rao at Machili