Authority: Supreme Court Special Lok Adalat (Bench of Hon'ble Mrs. Justice B.V. Nagarathna, Hon'ble Mr. Justice Sanjeev Sachdeva, and Mr. Shri Singh)
Order Date: 23-08-2026
Case Overview
- Parties: Appellant – M/S IFFCO TOKIO GENERAL INSURANCE COMPANY LTD.; Respondents – Aalam @ M. Shamshad Alam & Ors. (Civil Appeal No. 10606 of 2024) and Monu Kumar Mishra & Others (Civil Appeal Diary Nos. 10645‑10646 of 2024).
- Nature of Proceedings: Civil appeals before the Supreme Court Special Lok Adalat seeking enforcement of a "life‑time award" originally passed by the High Court.
- Key Allegations/Issues: Claimants sought a global compensation of Rs 30,00,000 without interest from the insurer.
- Court Observations: The Court accepted the parties' consensus and settlement terms presented by counsel.
Final Outcome
1. The insurer is ordered to pay a total of Rs 30,00,000 as global compensation to the claimants.
2. The amount must be deposited before the MACT within four weeks of receipt of the award copy.
3. Upon deposit, Rs 5,00,000 shall be released to the claimants' father after due verification.
4. 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 receive the periodic interest on this deposit.
5. The settlement is incorporated as part and parcel of this order, and the Registry is directed to draw up the award accordingly.
6. For the related appeals (Civil Appeal Diary Nos. 14418/2020, 14796/2020, and Civil Appeal No. 10607/2024) where no settlement was reached, the matters are referred back to the lower court for further proceedings.
Topics: Insurance Settlement, Supreme Court