JUDGMENT : Mansoor Ahmad Mir, J. This appeal is directed against the award, dated 21st May, 2007, passed by Motor Accident Claims Tribunal, Fast Track Court, Solan, Camp at Nalaharh, H.P., (hereinafter referred to as the Tribunal), in Claim Petition No.14FTN/2 of 2005, titled Neelam and another vs. Gurnam Singh and others, whereby compensation to the tune of Rs.3,65,000/-, with interest at the rate of 7.5% per annum from the date of filing of the claim petition till deposit of the amount, was awarded in favour of the claimants (respondents No.1 and 2 herein) and the insurer was directed to satisfy the same, (for short, the impugned award). 2. The claimants, the owner and the driver have not questioned the impugned award, thus, the same has attained finality so far as it relates to them. 3. During the course of hearing, the learned counsel for the insurer-appellant only challenged the findings recorded by the Tribunal in paragraph 11 of the impugned award and submitted that the amount awarded by the Tribunal is excessive and that it is not known as to how the Tribunal assessed the compensation to the tune of Rs.3,65,000/-. Thus, the challenge to the impugned award is only on the ground that the same is excessive. No other point was urged by the learned counsel for the appellant during the course of hearing. 4. The only question is whether the Tribunal has rightly awarded the compensation. I have gone through the impugned award. The findings recorded by the Tribunal in paragraph 11 appears to be not based upon correct appreciation of facts for the reason that the Tribunal has not assigned any reason as to how the Tribunal assessed the compensation and awarded the amount. 5. On noticing the above, the learned counsel for the claimants stated that the claimants would be satisfied if an amount of Rs.2,50,000/-, in lump sum, with interest at the rate of 7.5% per annum, is awarded in favour of the claimants. The learned counsel for the appellant has no objection in settling the claim, in the aforesaid terms. Learned counsel for the driver and the owner also made the same statement. Their statements are taken on record. 6. The learned counsel for the appellant has no objection in settling the claim, in the aforesaid terms. Learned counsel for the driver and the owner also made the same statement. Their statements are taken on record. 6. In view of the above, with the consent of the learned counsel for the parties, the impugned award is modified and the claimants (respondents No.1 and 2) are held entitled to compensation to the tune of Rs.2,50,000/-, in lump sum, with interest at the rate of 7.5% per annum from the date of filing of the claim petition till deposit and the excess amount, in any, alongwith interest, be released in favour of the insurer-appellant through payee's account cheque. 7. The appeal stands disposed of accordingly.