Authority: Supreme Court of India
Order Date: 02-09-2026
Case Overview
- Parties: Petitioner Sarath vs Respondent New India Assurance Company Ltd.
- Origin: Special Leave Petition (C) No.30757/2025 arising from the impugned final judgment and order dated 25-06-2024 in MACA No.249/2014 of the High Court of Kerala at Ernakulam.
- Settlement: Deed dated 31-08-2026 requires New India Assurance to pay a lump‑sum compensation of Rs 16,00,000 (all‑inclusive, without interest) in addition to the compensation of Rs 7,85,600 awarded by the High Court, with interest, to be deposited in the name of the petitioner within three months of execution.
- The petitioner agrees to forgo any further claims relating to the subject matter upon receipt of the stipulated amounts.
Final Outcome
- The Supreme Court disposed the Special Leave Petition as settled.
- It directed New India Assurance Company Limited to pay the lump‑sum Rs 16,00,000 plus the earlier compensation of Rs 7,85,600 with interest within three months from the order date (02-09-2026).
- All pending applications, if any, are also ordered to stand disposed.
Topics: Settlement, Insurance, Supreme Court