Full Text
Translation output
1-13 HIGH COURT OF DELHI
MAC.APP. 542/2010
IFFCO TOKIO GENERAL INSURANCE COMPANY LTD Appellant
Through: Ms. Suman Bagga, Advocate
MAC.APP. 542/2010
IFFCO TOKIO GENERAL INSURANCE COMPANY LTD Appellant
Through: Ms. Suman Bagga, Advocate
VERSUS
MOHD FAYAZ & ORS Respondents
Through: Mr. Sumit Gupta, Advoate forthe respondent No. 1
Through: Mr. Sumit Gupta, Advoate forthe respondent No. 1
CORAM:
HON'BLE MS. JUSTICE REVA KHETRAPAL
30.11.2010 The learned counsel for the parties have amicably resolved the matter.
The learned counsel for the appellant states that the appellant Insurance
Company is ready and willing to settle the matter with the claimant, the respondent No.l herein^for a sum of? 3 laldis in all with interest at the rate of
7.5% per annum from the date of filing of the petition till realization. This proposal is acceptable to the counsel for the respondent No.l/claimant. In this view of the matter, the learned counsel for the Insurance Company states that she does not press the other grounds in the appeal and service on the respondent No.2 may be dispensed with. It is ordered accordingly.
30.11.2010 The learned counsel for the parties have amicably resolved the matter.
The learned counsel for the appellant states that the appellant Insurance
Company is ready and willing to settle the matter with the claimant, the respondent No.l herein^for a sum of? 3 laldis in all with interest at the rate of
7.5% per annum from the date of filing of the petition till realization. This proposal is acceptable to the counsel for the respondent No.l/claimant. In this view of the matter, the learned counsel for the Insurance Company states that she does not press the other grounds in the appeal and service on the respondent No.2 may be dispensed with. It is ordered accordingly.
MAC.APP. 542/2010 Page 1 of2
2010:DHC:12503 A sum of ? 4,02,466/- is stated to be deposited by Ms. Suman Bagga, the learned counsel for the appellant in terms of the order dated 1August, 2010»Out of this amount, a sum of? 3 lakhs with interest thereon at 7.5% per annum from the date of filing of the petition till realization shall be released to the respondent No.l (including the amount already released) and the balance shall be refunded to the Insurance Company. The statutory deposit shall also be refunded to the appellant.
The appeal standsdisposed of accordingly.
^ U- REVA KHETRAPAL,J NOVEMBER 30,2010 km
2010:DHC:12503 A sum of ? 4,02,466/- is stated to be deposited by Ms. Suman Bagga, the learned counsel for the appellant in terms of the order dated 1August, 2010»Out of this amount, a sum of? 3 lakhs with interest thereon at 7.5% per annum from the date of filing of the petition till realization shall be released to the respondent No.l (including the amount already released) and the balance shall be refunded to the Insurance Company. The statutory deposit shall also be refunded to the appellant.
The appeal standsdisposed of accordingly.
^ U- REVA KHETRAPAL,J NOVEMBER 30,2010 km
MAC.APP. 542/2010 Pase 2 of2
2010:DHC:12503
2010:DHC:12503
JUDGMENT