Setting the stage for the settlement, the Kerala High court had earlier in the day permitted the family members of Valentine Jalastine and Ajesh Binki to withdraw their contentions made against Italy's plea for quashing the FIR against the marines.
Justice P S Gopinathan allowed the petition filed by Jalastine's wife Doramma and sisters of Binki, the latter hailing from Kanyakumari district of Tamil Nadu.
However, Advocate General K P Dandapani said the legal heirs were not party to the criminal cases pending against the accused marines. The compensation agreement would not affect the case registered by the state, he said.
The marines have been charged with murder under the Indian laws for shooting dead the fishermen in February last when they were fishing in a boat off Kollam coast of Kerala.
The plea for compensation was filed by wife Jalastine's wife and two children and two sisters of Binki, who will get Rs one crore each as legal heirs of the victims.
The Italian authorities handed over the Demand Draft for the amount in the High Court's Lok Adalat.
