MACT Tribunal's Order on Fund Withdrawal Modified by High Court in Accident Compensation Case.
03 April 2025
Motor Accident >> Family Law
The case of Manju & Others v/s Mahesh Kumar (Driver) & Another., stems from an accident compensation award of Rs. 39.64 lakhs granted to the petitioners on October 19, 2024. During the execution proceedings of this award, the parties reached a settlement agreement on February 25, 2025, through mediation.
According to the settlement, the judgment debtor was to pay a total of Rs. 23 lakhs to the decree holders (petitioners) in full and final settlement. Out of this amount, Rs. 10 lakhs had already been paid to Petitioner No. 1 (Smt. Manju) on January 10, 2025. The remaining Rs. 13 lakhs was to be paid on or before March 7, 2025.
A significant aspect of the settlement was that Petitioner Nos. 4 and 5 (the deceased's parents) relinquished their share of the compensation in favor of Petitioner No. 1, prioritizing the welfare of their grandchildren (Petitioner No. 2, Ms. Meenakshi, and Petitioner No. 3, Harsh). Furthermore, the agreement stipulated that Rs. 5 lakhs from the settlement amount would be placed in a Fixed Deposit Receipt (FDR) in the name of the minor son (Petitioner No. 3) until he attains majority.
The High Court noted that Rs. 20 lakhs had already been received by the petitioners. Petitioner No. 1 assured the Court that an FDR of Rs. 5 lakhs would be created for the minor son within a week. Regarding the remaining Rs. 3 lakhs, the respondents stated they would ensure its deposit before the Tribunal as previously directed.