Jagdish vs. Canara Bank etc.
Dated 26.11.2022.
Present: Sh. Parvinder Gaba, Advocate for complainant.   Sh. S.L. Sachdeva, Advocate for op no.1. Sh. R.K. Indora, Senior Divisional Manager on behalf of op no.2 with Sh. A.S. Kalra, Advocate for op no.2.
File put up today in the Maha Upbhokta Lok Adalat on the request of learned counsel for the parties for compromise. Sh. R.K. Indora, Senior Divisional Manager on behalf of op no.2 has suffered a statement that insurance company is ready to pay Rs.50,000/- as full and final settlement to the complainant within two months from the date of order. Ld. counsel for complainant has also suffered a statement that above said statement is acceptable to the complainant and present complaint may be disposed of in view of the above statement. He has further stated that in case op no.2 fails to pay the above said amount of Rs.50,000/- to the complainant within above said stipulated period, then op no.2 may be held liable to make the payment of Rs.50,000/- with interest from the date of order till realization of the amount. In view of the above statements recorded separately, the present complaint stands compromised and disposed of accordingly. The op no.2 is directed to make payment of Rs.50,000/- in lump sum to the complainant within 60 days from the date of receipt of this order, failing which complainant will be entitled to receive the above said amount alongwith interest @6% per annum from the date of this order till realization of the amount. A copy of this order be supplied to the parties as per rules. File be consigned to the record room.  
Announced in Maha Member       Member President Upbhokta Lok Adalat. DCDRC, Sirsa.