Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Petitioners: T.N. Vijayalakshmi & Ors; Respondent: Oriental Insurance Co. Ltd.
- The Motor Accident Claims Tribunal (MACT) originally awarded compensation of Rs 40,87,000 (Rs 40.87 lakh) with interest at 9%.
- The High Court reduced the award to Rs 30,23,484 (Rs 30.23 lakh) with interest at 7.5%.
- After negotiations, the parties agreed on a full and final settlement whereby the petitioners will receive an additional consolidated amount of Rs 16,00,000 (Rs 16 lakh).
- The settlement amount is to be paid within six weeks from the date of the order.
Final Outcome
- In view of the settlement, the Special Leave Petitions (C) Nos. 16453‑16455/2023 are disposed of.
Topics: Insurance Settlement, Supreme Court Order