The court modified the Tribunal's compensation award based on a joint settlement, ensuring payment terms were clearly stated.

JUDGMENT

The appellant is the claimant in O.P.(MV) No.929 of

2014 on the file of the Motor Accidents Claims Tribunal, Irinjalakuda. The said claim petition was filed by the appellant claiming an amount of ₹18,00,000/- limited to ₹10,00,000/- as compensation for the injuries sustained in a motor accident on 17.05.2014. The tribunal awarded an amount of ₹4,64,600/- as compensation under different heads, directing the respondent insurer to deposit the said amount along with interest @ 9% per annum from the date of filing the claim petition till realization. Being dissatisfied with the compensation awarded, the claimant 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 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 respondent insurer, agreeing to deposit a further amount of ₹11,00,000/- 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 3^rd 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 respondent insurer to deposit an additional amount of ₹11,00,000/-(Rupees Eleven lakhs 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 respondent insurer within a period of 15 days 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

STB

BEFORE THE HONOURABLE HIGH COURTOF KERALA AT ERNAKULAM Muraleedharan Appellant Vs.

Reliance General Insurance Company Respondent Ltd uOII\TT STATEMENT F-IIrEDo BEY rTImIE APPELLANT A)TD TIIE

1. The above appeal is filed against the award in OP (MV) No.

929/2014 which was disposed of by the Motor Accidents Claims Tribunal, lrinjalakuda by award dated 247/2017. The original petition is filed by the appellant claiming compensation in respect of the personal injuries sustained by him in a road trafric accident occurred on 17/5/2014 at about 11.30 am while the appellant was travelling as a passenger in an auto rickshaw bearing No. KL4-AB-5167 through lrijalakkuda Bus Stand AKP Junction road and when the vehicle reached near Excise Ofrlce, the driver lost control and vehicle capsized. As a result of the accident the appellant sustained serious injuries. The Tribunal had granted Rs. 4,64,600/- 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_. Appeuant : Lr-rf roR REUANCE GENERAL iNsuRANc[ cO, LTD, Mu