Disposed¶10
The Oriental Insurance Company Ltd. Lko. Thru. Senior Divisional Manager v. State of U.P. Thru. Special Secy. Institutional Finance Deptt. Lko. and 3 Others
Allahabad HCA227/211/2025
Case brief
AI extract
What is this about?
Article 227 petition, Lucknow Bench (2025:AHC-LKO:4095), Oriental Insurance Company Ltd. v. State of U.P.: challenge to award dated 29.04.2024 of Rs. 5 lacs with penalty; Court follows its earlier decision of 15.03.2023 in Art. 227 No. 27 of 2021 holding interest and penalty cannot both be granted; award modified to Rs. 5 lacs with interest @ 9% from filing of claim petition till realisation; petition disposed of; keywords: Permanent Lok Adalat award, interest and penalty, 9% interest, insurance claim, award modification.
What did the court decide?
Award dated 29.04.2024 modified: respondents to receive Rs. 5 lacs along with interest @ 9% from the date of filing of the claim petition till the actual payment/realization, in place of the amount-plus-penalty award. ¶10