NCDRC

NCDRC

RP/2424/2012

SBI LIFE INSURANCE CO. LTD. & ANR. - Complainant(s)

Versus

DWARAMPUDI BHASKARA REDDY - Opp.Party(s)

MR. RAKESH MALHOTRA & ASSOCIATES

23 Jul 2014

ORDER

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
NEW DELHI
 
REVISION PETITION NO. 2424 OF 2012
 
(Against the Order dated 09/05/2012 in Appeal No. 282/2010 of the State Commission Andhra Pradesh)
1. SBI LIFE INSURANCE CO. LTD. & ANR.
st floor Kapas Bhawan Central Processing Centre (CPC) CBD-Belapur
Navi Mumbai - 400614
Maharastra
2. SBI Life Insurence CO Ltd.,
Branch Officer D,No-46-7-31,Yasoda Tower,Opp Reliance Web World,Denvaipta
Rajahmundry - 533103
...........Petitioner(s)
Versus 
1. DWARAMPUDI BHASKARA REDDY
S/o Sh Dharma Reddy R/o D.No-2-166 Munasabuvari Manidada (V)
East Godavari
A.P
...........Respondent(s)

BEFORE: 
 HON'BLE MR. JUSTICE AJIT BHARIHOKE, PRESIDING MEMBER
 HON'BLE MRS. REKHA GUPTA, MEMBER

For the Petitioner :
Mr. Rakesh Malhotra, Advocate
For the Respondent :
Ms. K. Radha, Advocate

Dated : 23 Jul 2014
ORDER

Counsel for the parties submit that they have arrived at an amicable settlement. As per the terms of settlement petitioner shall pay a sum of Rs.1,25,000/- (rupees one lakh twenty five thousand only) to the respondent in full and final settlement of his claim. The payment shall be made within two weeks and with the aforesaid payment the claim of the respondent under the consumer complaint shall stand satisfied. Counsel for the parties request that revision petition be disposed of in terms of the above settlement. In view of the settlement arrived at between the parties, the revision petition is disposed of. Petitioner shall be bound by its offer.

 
......................J
AJIT BHARIHOKE
PRESIDING MEMBER
......................
REKHA GUPTA
MEMBER

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