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2014 DIGILAW 1478 (MAD)

New India Assurance Co. Ltd. v. Devarasu

2014-06-17

S.MANIKUMAR

body2014
Judgment : 1. Assailing the correctness of the award, by which a sum of Rs.2,39,000/- with interest at the rate of 9% per annum has been awarded as compensation from the date of claim, as excessive, this appeal has been filed with a delay of 135 days. 2. On this day, when the matter came up for hearing, the learned counsel for the Insurance Company submitted that after negotiation, the first respondent/injured has agreed to reduce the quantum of compensation at Rs.1,90,000/- with interest. He further submitted that as full and final settlement, a sum of Rs.2,46,464/- has been paid as compensation with interest, as stated supra. The submission of the learned counsel is placed on record. 3. In view of the above, nothing remains for adjudication in this appeal and hence, the same is dismissed. Consequently, connected Miscellaneous Petition is closed. No costs.