Court records amicable settlement in motor accident compensation appeal, disposing case as per joint memo with payment terms.

JUDGMENT

This appeal has been filed by the claimant in O.P(MV) No.310/2019 on the file of the Additional Motor Accidents Claims Tribunal - III, Kottayam, 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 joint memo dated 28.03.2026 has been filed.

3. The joint memo arrived at between the parties is lawful and is therefore recorded. In view of the settlement arrived at by the parties, the respondent/ insurer is willing to transfer the settled amount of ₹2,32,000/- (Rupees Two Lakhs Thirty Two Thousand only) to the bank account of the appellant within a period of two months from the date of receipt the copy of the judgment from the High Court of Kerala, failing which the said amount will carry interest at 9% 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 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 memo, which do form part of this judgment.