Oriental Insurance Settles Rs 7.25 Mn with Riaz

Authority: High Court of Jammu & Kashmir and Ladakh at Jammu

Order Date: 06.08.2026

Case Overview

• Parties: Oriental Insurance Co. Ltd (appellant) represented by Mr. Vishnu Gupta; Mohd. Riaz and Anr (respondent) represented by Mr. M. Y. Akhoon.
• The dispute concerned compensation payable to the respondent; mediation was conducted by a mediator.
• Settlement terms: total lump sum Rs 15,50,000, of which Rs 8,25,000 already received by respondent; remaining Rs 7,25,000 to be paid.
• Court fee to be deducted from the remaining amount; any balance with interest to be released to the insurer.

Final Outcome

• The appeal is disposed as settled; Rs 7,25,000 to be released to respondent after court fee deduction; any balance plus interest to be released to Oriental Insurance.

Topics: Legal Settlement, Insurance Claim