Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Appellant: M/S IFFCO Tokio General Insurance Company Ltd.
- Respondents: Aalam @ M. Shamshad Alam & Ors.; Monu Kumar Mishra and others (multiple civil appeals listed).
- The appeals (Civil Appeal Nos. 10606 of 2024, 10645‑10646 of 2024) concerned a “life‑time award” previously granted by the High Court, for which claimants sought global compensation.
- The parties reached a consensus settlement whereby IFFCO Tokio will pay a total of Rs.30,00,000 as compensation, without interest.
Settlement Details
1. The amount of Rs.30,00,000 shall be deposited before the MACT within four weeks of receipt of the award copy.
2. Upon deposit, Rs.5,00,000 shall be released immediately to the claimant’s father after verification.
3. The remaining Rs.25,00,000 shall be placed in an interest‑bearing fixed‑deposit account in any nationalised bank or post office for an initial period of ten years.
4. Respondents are entitled to receive the periodic interest accrued on the fixed‑deposit.
5. The settlement is incorporated as part of this order, and the Registry may draw up the award accordingly.
Other Appeals
- Civil Appeal Nos. 14418/2020, 14796/2020, and 10607/2024 had no settlement and were therefore referred back to the court for further proceedings.
Final Outcome
- The Supreme Court Special Lok Adalat orders IFFCO Tokio to fulfill the Rs.30 lakh settlement as detailed, and directs the deposit and interest arrangements. The unrelated appeals are sent back to the lower court.
Topics: Legal Settlement, Insurance