1. The above Civil Miscellaneous Appeal has been filed by the appellant/third respondent against the Award and Decree, dated 12.03.2007, made in M.C.O.P.No.122 of 2005, on the file of the Motor Accident Claims Tribunal, Sub-Ordinate Court, Udumalpet, awarding a compensation of Rs.2,70,000/- together with 7.5% interest per annum, from the date of filing the claim petition till the date of payment of compensation.

2. Aggrieved by the said Award and Decree, the appellant/third respondent has filed the above appeal praying to scale down the award and decree passed by the Tribunal.

3. The short facts of the case are as follows:

On 22.04.2005, at about 02.00 p.m. the petitioner was proceeding on his bicycle to attend his classes after finishing his lunch. He was riding the cycle on the Dharapuram – Tiruppur main road with care and caution from north to south. While he was nearing Hotel Nalabagam near, Government I.T.I. the lorry bearing registration No.TN45 K6044, driven by the first respondent, belonging to the second respondent and insured with the third respondent Insurance Company, in a rash and negligent manner and dashed against the petitioner with the result the rear