Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Appellant: IFFCO TOKIO GENERAL INSURANCE COMPANY LTD.
- Respondents: AALAM @ M. SHAMSHAD ALAM & ORS.; MONU KUMAR MISHRA AND OTHERS.
- Civil Appeal Nos.: 10606 of 2024 (against Aalam), 10645‑10646 of 2024 (against Monu Kumar Mishra), with related diary numbers 14418/2020, 14796/2020, 10607/2024.
- The High Court had previously passed a “life‑time award” in favour of the claimants.
- Parties reached a consensus for a global compensation of Rs 30,00,000 (without interest).
Final Outcome
- The Court accepts the settlement.
- IFFCO Tokio must deposit Rs 30,00,000 before the MACT within four weeks of receipt of the award copy.
- Rs 5,00,000 shall be released immediately to the claimants’ father after verification.
- 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; respondents are entitled to the periodic interest.
- The settlement is read as part and parcel of this order; the Registry may draw up the award accordingly.
- Appeals numbered 14418/2020, 14796/2020 and 10607/2024, for which no settlement was reached, are referred back to the lower court.
Topics: Legal Settlement, Insurance Compensation