BEFORE THE CONSUMER DISPUTES REDRESSAL COMMISSION, ERNAKULAM.

                                          Dated this the day of 29^th day of November 2024

           PRESENT:

 Shri.D.B.Binu                                                                     President

 Shri. V. Ramachandran                                                       Member

 Smt. Sreevidhia T.N.                                                            Member

C.C No.885/2023

Complainant

Biju P.V., S/o.Vijayan, Puthumana House, Karuthedam, Elamkunnapuzha, Malippuram, Ernakulam, Kerala-682 511

(By Adv.B.S.Suresh Kumar, M/s.Adv.B.S.Suresh Kumar & Co., 2^nd Floor, PRRA 51, Ayyappankavu, Chittoor Road, Ernakulam-682 018, High Court Advocates Chamber at Chamber No.150, 1^st Floor, Kerala High Court Advocates’ Chamber, Ernakulam-682 013)

Vs.

Opposite parties

1. The Manager, New India Assurance Co.Ltd., Having its regional office at:36/707, Kandamkulathy Towers, Opp. College Ground, M.G.Road, Ernakulam, Kochi-682 011
2. The Manager, Grievance Cell, New India Assurance Co.Ltd., Kaloor Branch 36/2301, A1, 1^st Floor, Chammany Plaza, Kaloor, Ernakulam-682 017

(op Adv.P.S.Ramu, Ground Floor, S.A.Nivas, Ponneth Temple Road, Kadavanthra, Cochin-20)

O R D E R

Sreevidhia T.N., Member

          Case advanced today as per I.A.1681/2024 allowed. Complainant present and represented.  Opposite party also represented.  A ‘joint settlement memo’ filed before the Commission stating that the complainant has agreed to settle the matter in full satisfaction of the complaint on the following terms.

1. An amount of Rs.14,50,000/- (Rupees Fourteen lakhs and fifty thousand only) shall be credited to the bank account of the complainant within 30 days from the date of receipt of the order.  In default the opposite parties are liable to pay interest at 7% per annum from the date of order.
2. The complainant shall furnish the bank account details to the opposite party along with a cancelled cheque to the opposite parties.

     The above terms and conditions will form a part of this order.  Based on the ‘joint settlement memo’ signed and filed before the Commission, the complaint is closed as ‘settled’.

Pronounced in the open Commission on this the 29^th day of November 2024.

Sd/-

                                                                   Sreevidhia.T.N, Member

Sd/-

                                                                             D.B.Binu, President

Sd/-

V. Ramachandran, Member

Forwarded by Order

Assistant Registrar

Date of dispatch

By Hand       ::                 By Post

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