The court has the authority to modify compensation awards based on agreements reached between the parties, and can impose provisions for interest if payments are not made within the stipulated time.

JUDGMENT

Manoj Kumar Garg, J. - This civil misc. appeal has been filed under Section 173 of Motor Vehicles act, 1988 by the appellant-Insurance Company against the judgment and award dt. 15.12.2015 passed by the Judge, Motor accident Claims Tribunal, Rajsamand in MaC Case No.209/2013, vide which the learned Judge awarded compensation to the tune of Rs.9,86,000/- in favour of the claimants/respondents No.1 & 2.

2. This Court while staying the execution of the impugned judgment and award dt. 15.12.2015 directed the appellant-Insurance Company to deposit Rs.5,00,000/- of the award amount, which was ordered to be disbursed to the claimants.

3. Learned counsel for the parties submits that in the spirit of Lok adalat, both the appellant-Insurance Company and respondents No.1 & 2/claimants have agreed on payment of a lump-sum amount of Rs.7,50,000/- in addition to the amount already paid to the claimant-respondent. Therefore, it is prayed that the judgment and award impugned may be modified accordingly.

4. In view of the submissions made by the parties, the civil misc. appeal is partly allowed. The impugned judgment & award dt. 15.12.2015 is modified to the extent that the appellant-Insurance Company shall pay lump-sum amount of Rs.7,50,000/-to the claimants/respondents No. 1 & 2 in addition to the amount already paid to the claimant, as agreed by them, within a period of four months from today. If the aforesaid lump sum amount is not paid to the claimant within the stipulated time, the appellant-Insurance Company shall also pay interest @ 6% per annum over the due amount from the date of this order.

5. Record of the Tribunal, if any received, be sent back immediately.