National Insurance to Pay Rs 7 Lakh Settlement

Authority: Supreme Court of India (Special Leave Petition)

Order Date: 22-08-2026

Case Overview

• Petitioners: Nazir Ahmad Magray & Anr.
• Respondent: National Insurance Company Limited (and others).
• Origin: Appeal against the final judgment and order dated 19-03-2025 passed by the High Court of Jammu & Kashmir and Ladakh (CM No. 2882/2021).
• Counsel: For petitioners – Mr. Abhimanue Shrestha (Advocate‑on‑Record); for respondent – Mr. Parmanand Gaur (Advocate‑on‑Record) with Ms. Megha Gaur and Adv. Vibhav Mishra.
• Bench: Hon'ble Justices K.V. Viswanathan, Arun Palli, and Senior Advocate Talha Abdul Rahman.
• Both parties mutually agreed to a full and final settlement.

Final Outcome

• National Insurance Company Limited shall pay a sum of Rs 7,00,000 (seven lakhs) to the petitioners as complete settlement of all their claims.
• Petitioners are required to furnish their bank account details to the respondent.
• Upon verification of the bank details, the respondent will transfer the amount directly to the petitioners within 60 days.
• The Special Leave Petition is disposed in these terms.
• The bench expressed appreciation for the positive and spontaneous response of both counsels in reaching the settlement.

Topics: Legal Settlement, Insurance