Authority: Supreme Court Special Lok Adalat (Special Leave Petition (C) No.31583 of 2018)
Order Date: 23-08-2026
Case Overview
- Parties: Royal Sundaram Alliance Insurance Co. Ltd (Petitioner) vs. K. Bannarisamy & Ors (Respondents).
- The matter was heard before a bench comprising Hon'ble Mr. Justice Pamidighantam Sri Narasimha, Hon'ble Mr. Justice Alok Aradhe, and Mr. Ritin Rai.
- Counsel: For petitioner, Mr. G. Balaji (AOR); for respondents, Mr. S. Gowthaman (AOR). Additional advocates on record: Ms. Enatoli Sema, Mr. Anas Tanwir.
- The parties positively arrived at a settlement, confirming the High Court’s direction that the insurer should pay Rs 18.5 Lakhs as full and final settlement of all claims with interest at 7.5%.
- Claimants are entitled to withdraw any amount already deposited before the Court. The balance amount is to be paid by the insurance company within four weeks from the order date.
- The terms of the agreement are to be drafted in accordance with the Court’s order and the award.
Final Outcome
- The Special Leave Petition is disposed of pursuant to the settlement.
- All pending interlocutory applications, if any, are also disposed of.
- The insurer must remit Rs 18.5 Lakhs plus the stipulated interest within the stipulated four‑week period, and claimants may retrieve previously deposited sums.
Topics: Insurance Settlement, Supreme Court Lok Adalat