JUDGMENT

In OP(MV) No.738 of 2015 on the file of the Motor Accidents Claims Tribunal, Tirur, a claim petition filed claiming an amount of ₹20,00,000/- as compensation for the death of the deceased who succumbed to the injuries sustained in a motor accident occurred on 11.04.2015, the tribunal awarded an amount of ₹13,61,000/- as compensation under different heads, directing the insurer to deposit the said amount along with interest at the rate of 7% per annum from the date of the claim petition till realization. Alleging that the compensation awarded by the tribunal is excessive, the insurer has come up with MACA No.2776 of 2018, whereas the claimants have filed CO No. 125 of

2019 dissatisfied with the compensation.

2. Today, when the matter came up for consideration, the learned counsel for the claimants as well as the learned Standing Counsel for the insurer submitted that they have filed a joint memo of compromise dated 18.11.2025, wherein it is stated that the claim of the claimants has been settled by the insurer, agreeing to deposit a further amount of ₹14,40,000/- in full and final satisfaction all the claims as compensation inclusive of all, before the tribunal within a perio