JUDGMENT

This appeal has been filed by the claimant in O.P(MV)

No.459/2021 on the file of the Motor Accidents Claims Tribunal, Thodupuzha, seeking enhancement of the compensation amount awarded by the tribunal.

2. When the matter came up for hearing today, the learned counsel for both sides submitted that the matter has been settled between the parties and the memorandum of agreement dated 03.03.2026 has been filed.

3. The memorandum of settlement arrived at between the parties is lawful and is therefore recorded. In view of the memorandum of agreement and the settlement arrived at by the parties, the respondent/ insurer shall deposit an additional amount of ₹1,65,000/- (Rupees One lakh sixty five thousand only), inclusive of interest and costs, as agreed in the memorandum of agreement, towards full and final settlement of the claims advanced in this appeal within a period of two months from the date of receipt of this judgment, failing which, the respondent/insurer shall pay interest at the rate of 7% per ann