JUDGMENT

(Judgment of the Court was delivered by M.Jothiraman, J.)

The unsuccessful Insurance Company has preferred this appeal. The claimants filed the Claim Petition for Fatal under Section 166 of the Motor Vehicles Act, 1988 [in short "MV Act"], which was taken on file in M.C.O.P.No.413 of 2017 on the file of the Motor Accidents Claims Tribunal, Vellore, [I Additional District and Sessions Court, Vellore] [in short "Tribunal"] seeking compensation of Rs.15,00,000/- for the death of Chakravarthy in a road accident. The Tribunal, allowed the claim petition with costs and held that the petitioners/claimants are entitled for Rs.21,85,800/- as compensation. The insurer of the vehicle, namely the appellant Insurance Company is directed to pay and deposit the award amount before the Tribunal within a period of four weeks with interest @ 7.5. p.a, from the date of filing of the petition till the date of deposit, excluding the period of default, if any. The parties are referred to as per their rankings before the Tribunal.

2. It is stated in the Claim Petition that on 28.08.2016 at about 11.00 p.m., the deceased Chakravarthy was returning from Arcot to Brammadesam Village by riding his tw