JUDGMENT : Mansoor Ahmad Mir, J. Subject matter of this appeal is the judgment and order, dated 21st April, 2012, passed by Employee’s Compensation Commissioner, Lahaul and Spiti at Kullu, (for short, the Commissioner), whereby compensation to the tune of Rs.5,79,060/- with interest at the rate of 12% per annum, from the date it became due till payment, came to be awarded in favour of the claimant and the original respondents were saddled with the liability, (for short the “impugned award”). 2. During the course of hearing, the learned counsel for the appellant-insurer stated that the Commissioner had wrongly applied the provisions of the amended Act and also the rate of interest awarded was on the higher side. At the time of admission of the appeal, the substantial questions of law were also framed to that effect by this Court. 3. At this stage, the learned counsel for the appellant fairly stated that, as per law applicable, the claimant was entitled to Rs.6,57,392/- and prayed that the said amount be awarded in favour of the claimant. Learned counsel for the claimant stated that the claimant is also ready to settle the claim in terms of the offer made by the learned counsel for the appellant supra. Their statements are taken on record. 4. Learned counsel for the appellant stated that pursuant to the impugned judgment, the appellant has deposited Rs.7,85,998/- before the Commissioner. 5. In view of the above, the appeal is disposed of as settled by providing that out of the amount deposited by the appellant before the Commissioner, a sum of Rs.6,57,392/- alongwith up-to-date interest accrued thereon, be released in favour of the claimant through his bank account and the excess amount, if any, alongwith up-to-date interest, be released in favour of the appellant through payee’s account cheque. 6. The appeal stands disposed of alongwith pending CMPs, if any.