Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Appeal No. 10606 of 2024: IFFCO Tokio General Insurance Company Ltd (appellant) versus Aalam @ M. Shamshad Alam & Ors (respondents). Respondents claimed a global compensation of Rs30,00,000 in lieu of a lifetime award previously granted by the High Court. The Special Lok Adalat considered the parties’ settlement proposal.
- Appeals Nos. 10645‑10646 of 2024: IFFCO Tokio (appellant) versus Monu Kumar Mishra and others (respondents). The same compensation amount of Rs30,00,000 was sought. The settlement terms stipulated an immediate payment of Rs5,00,000 to the claimant and the remaining Rs25,00,000 to be placed in an interest‑bearing fixed‑deposit account for ten years, with periodic interest payable to the respondents.
- Appeal No. 10607 of 2024 and SLP(C) Diary Nos. 14418/2020 and 14796/2020: No settlement was reached; the matters were referred back to the lower court for further adjudication.
Final Outcome
- For Appeal 10606, the Court ordered IFFCO Tokio to pay the full Rs30,00,000 to the respondents as a global compensation award.
- For Appeals 10645‑10646, the Court accepted the settlement: Rs5,00,000 to be released immediately to the claimant, and Rs25,00,000 to be deposited in a nationalised bank or post‑office fixed‑deposit for an initial ten‑year period, earning interest payable to the respondents.
- The total amount of Rs30,00,000 must be deposited before the MACT within four weeks of receipt of the award copy.
- The settlement terms are incorporated as part of the Court’s order, and the Registry is directed to draw up the award accordingly.
- Appeals 10607 and the referenced SLP diaries were not settled and are sent back to the originating court.
Topics: Insurance Settlement, Supreme Court Order