Settlement agreements may modify original compensation awards and can provide for additional payments including interest.

JUDGMENT

The appellant is the claimant in O.P.(MV) No.1454 of

2013 on the file of the Motor Accidents Claims Tribunal, Alappuzha. The said claim petition was filed by the appellant claiming an amount of ₹6,19,000/- which is limited to ₹6,00,000/- as compensation for the injuries sustained by him in a motor accident on 06.02.2010. The tribunal awarded an amount of ₹3,32,660/- as compensation under different heads, directing the third respondent insurer to deposit the said amount along with interest at the rate of 9% per annum from the date of filing the claim petition till realization. Being dissatisfied with the compensation awarded, the appellant has come up in appeal.

2. Today, when the matter came up for consideration, the learned counsel for the appellant as well as the learned Standing Counsel for the third respondent insurer submitted that they have filed a joint statement dated 15.01.2026, wherein it is stated that the claim of the appellant has been settled by the third respondent insurer, agreeing to deposit an additional amount of ₹2,00,000/- inclusive of all interest and cost to the appellant by way of full and final settlement of all the claims of the appellant against the respondent, within a period of two months from the date of receipt of a copy of this judgment, failing which, the said amount will carry interest at the rate of 8% per annum from the date of default.

3. In the light of the joint statement filed by the parties, the impugned award is modified by directing the third respondent insurer to deposit an amount of ₹2,00,000/- (Rupees Two Lakh Only) inclusive of all interest and cost to the appellant by way of full and final settlement of all the claims of the appellant against the respondent, within a period of two months from the date of receipt of a copy of this judgment, failing which, the said amount will carry interest at the rate of 8% per annum from the date of default. The claimant shall furnish copies of the PAN Card, AADHAAR Card and bank details before the third respondent insurer within a period of one month from the date of receipt of a certified copy of this judgment so as to enable the insurance company to make the deposit as ordered above. In case of failure to furnish details as above, it shall be open for the insurance company to deposit the said amount before the tribunal.

The appeal is disposed of, in terms of the joint statement as above. The joint statement will form part of the judgment.

Sd/-

SHOBA ANNAMMA EAPEN JUDGE

RK

BEFORE THE HONOURABLE HIGH COURTOF KERALA AT ERNAKULAM Kristudas @ Jencelal Appellant Vs.

Reliance General Insurance Company Respondent Ltd JOINT STATEMENT FILED By TIE AppELLANT AND THE REroNDENT

1. The above appeal is filed against the award in OP (MV) No. 1454/2013 which was disposed of by the Addl. Motor Accidents Claims Tribunal-lI, Alappuzha by award dated 27/10/2018.. The original petition is flled by the appellant claiming compensation in respect of the personal injuries sustained by him in a road traffic accident occurred on 6/2/2010 at about 3.30 pin while the appellant was travelling as a passenger in a car bearing No. Kl-32-B-1167 through Alappuzha Changanassery Road and when the vehicle reached near Kidangara, the vehicle hit on the rear side of a pickup van and a KSRTC bus. As a result of the accident the appellant sustained serious injuries.

The Tribunal had granted Rs. 3,32,660/- as compensation along with interest @ 9% p.a. from the date of claim petition. It is challenging the quantum of compensation that the above appeal is filed. Since the respondent had admitted the coverage of the insurance policy in respect of the offending vehicle, the liability to pay the compensation is on the respondent. Hence the settlement is arrived at between the appellant and the respondent.

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