F.A.No.797/2009 against C.D.No.32/2007, District Forum, ADILABAD

Between:

The Divisional Manager,

Oriental Insurance Co. Ltd.,

Subash Road, Partiwar Building,

M.G.Road, Chandrapoor,

Maharashtra State.                                                                  Appellant/

Opposite party     

                   And

R.Ramchandra Reddy,

S/o.Mukunda Reddy

Aged 50 years, Occ:Business

R/o.Sidharthanagar, Kazipet,

Dist.Warangal                                                                          Respondent/

                                                                                                Complainant       

Counsel for the Appellant       : Mr.E.Venugopal Redy           

Counsel for the Respondent : Mr.K.Parandhamachari

          QUORUM:      SRI SYED ABDULLAH, HON’BLE MEMBER

                                                          AND

                    SRI R.LAKSHMINARASIMHA RAO,  HON’BLE MEMBER

TUESDAY, THE EIGHTEENTH DAY OF  AUGUST,

TWO THOUSAND NINE

Oral Order: (Per Sri SYED ABDULLAH ,Hon’ble Member)

                                                          *****

          A joint memo is filed by the appellant and respondent counsel stating that both parties have settled the matter out of court and the respondent has agreed to receive a sum of Rs.5,00,000/- towards full and final settlement of the claim.  It is represented that the appellant had already deposited Rs.3,00,000/- earlier and the balance of Rs.2,00,000/- is being deposited now through D.D.bearing No.864136 dated 28-7-2009 for a sum of Rs.2,00,000/-.

          In view of the joint memo, the appeal is disposed of as settled out of court.  There shall be no order as to costs.

MEMBER           

MEMBER

                                                         Dt.   18.08. 2009.