Cholamandalam Insurance Pays Rs 40 Lakh Settlement

Authority: Supreme Court (Special Lok Adalat)

Order Date: 23-08-2026

Case Overview

• Petition: Special Leave Petition (C) No. 7391/2026 filed by Pranay Haldar against Narsingh Narayan Singh & Ors., arising from the impugned final judgment and order dated 07‑10‑2024 passed by the High Court of Chhattisgarh at Bilaspur in MAC No. 1133/2019.
• Respondent No.3 is Cholamandalam Insurance Company, represented by National Head Legal Mr. Subaih and Deputy General Manager Mr. Deepak Gupta.
• During the hearing before Hon’ble Justices K.V. Viswanathan and Arun Palli, the parties reached a settlement.

Final Outcome

• Respondent No.3, Cholamandalam Insurance Company, agreed to pay a consolidated additional amount of Rs 40,00,000 (forty lakh rupees) over and above the amount awarded by the High Court.
• The petitioner must furnish bank account details; upon verification, the amount will be transferred within 30 days.
• Upon receipt of the Rs 40 lakh, the petitioner will have no further claim against the insurer.
• The Special Leave Petition is disposed in these terms, with appreciation expressed for the counsel’s cooperation.

Topics: Legal Settlement, Insurance