Heramba Prasad Deka and 3 Ors. v. National Insurance Co. Ltd. and 2 Ors.
Case brief
What is this about?
The Gauhati High Court disposed of a claim matter in Lok Adalat where parties settled for Rs. 10,89,000. After partial payment, the appellant must deposit the remaining Rs. 2,90,000 within 45 days, failing which interest applies, after which the appellant releases its statutory deposit.
What did the court decide?
Appellant to deposit Rs. 2,90,000 within 45 days with 9% p.a. interest on delay; statutory release after proof.