Gyan Prasad v. the Oriental Insurance Co.and Ors.
Case brief
What is this about?
The Lok Adalat awarded Rs. 45,000 additional compensation as part of a compromise. It also directed the Insurance Company to pay counsel fees of Rs. 450, interest at 9% per annum if deposit is delayed, and addressed funds kept in FDR or bank deposits.
What did the court decide?
Award of Rs. 45,000 additional compensation; Rs. 450 counsel fee; 9% annual interest on delayed deposit; directions for FDR/Bank funds.