The National Insurance Company Ltd. v. Babita Devi and 2 Ors.
Case brief
What is this about?
The Gauhati High Court processed a settlement in a Necessary Compensation case. The parties agreed to a full and final settlement of Rs. 10,50,000, with the balance of Rs. 7,00,000 to be deposited by the insurer within 45 days.
What did the court decide?
Added interest of 9% per annum on the remaining settlement amount of Rs. 7,00,000 if not deposited within 45 days. Matter disposed of.