Allowed
National Insurance Company Ltd. v. Krisna Tasa and 5 Ors.
Gauhati HCMACApp./24/2010
Case brief
AI extract
What is this about?
The appeal was settled out of court. The insurance company deposited Rs. 1,25,000 and was directed to pay the balance Rs. 1,75,000 within one month. The insurer is allowed to retain Rs. 25,000 as statutory amount.
What did the court decide?
Settlement at Rs. 3,00,000. Insurer to pay balance Rs. 1,75,000 within one month by depositing Rs. 1,25,000 earlier. Insurer allowed to retain Rs. 25,000.