In a significant settlement during the National Lok Adalat held in the Thane district of Maharashtra on Saturday, the relatives of a man killed in a road accident two years ago were awarded a compensation of Rs 4.50 crore, reported news agency PTI. The settlement involved the case of Pankaj Ramesh Shedge, a senior employee at an IT company in Irvine, California, who earned an annual salary of USD 110,000. Shedge tragically lost his life on December 9, 2022, after being hit by a truck while riding his scooter on the Panvel-Mumbra Road.

The family had sought Rs 30 crore in compensation from the insurance company. Advocate GA Vinod, representing the claimants, highlighted the severe emotional and financial impact of Shedge's death, emphasising that he had been the primary breadwinner for the family. After negotiations, the insurance company settled the claim at Rs 4.50 crore.