(1.) Challenge in this appeal is to the award, dated 24th May, 2006, made by the Motor Accident Claims Tribunal (II), Shimla, H.P. (for short "the Tribunal") in M.A.C. No. 120-R/2 of 2004/01, titled as Anil Kumar & others versus Smt. Sumitra Devi & others, whereby compensation to the tune of Rs. 4,90,000/- with interest @ 7.5% per annum from the date of institution of the claim petition till its realization came to be awarded in favour of the claimants and the appellant-insurer came to be saddled with liability (for short "the impugned award"), on the grounds taken in the memo of appeal.
(2.) The claimants and the driver-cum-owner/insured have not questioned the impugned award on any count, thus, has attained finality so far it relates to them.
(3.) Learned counsel for the appellant-insurer contested the impugned award on the ground that the insurance policy was 'Act Policy' and the appellant-insurer was not to be saddled with liability.