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2024 Supreme(Jhk) 891

SUBHASH CHAND
Shriram General Insurance Co. Ltd. – Appellant
Versus
Kavita, W/o Late Balram Mahato – Respondent


Advocates:
Advocate Appeared:
For the Appellant :Mr. Ashutosh Anand, Advocate
For the Respondents:Mr. Saibal Kumar Laik, Advocate

JUDGMENT :

1. The instant Miscellaneous Appeal has been preferred against the award dated 28.11.2016 passed by the learned District Judge-III-cum-M.A.C.T., Dhanbad in Title (M.V.) Suit No. 107 of 2014, whereby the learned Tribunal has directed the appellant-Insurance Company to pay the compensation amount of Rs.1,14,52,460/- to the claimants with simple interest @ 7% per annum from the date of filing of the claim application till the realization of the amount of compensation. It is further directed to pay the compensation amount including the interest to the plaintiffs/ claimants within 60 days from the date of the order, failing which, the claimants will be at liberty to realize the same through the process of Court and the interest 9% per annum shall be deducted after expiry of 60 days. It is further directed that the aforesaid amount as awarded, seventy five percent of the awarded amount shall be kept in joint name of the claimants under fixed deposit scheme for the term of five years in a Nationalized Bank and remaining twenty five percent of the awarded amount be kept in joint name of the claimants in saving account.

2. The brief facts leading to this miscellaneous appeal are th

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