National Insurance Co. Ltd. v. Jinnat Ali and Anr.
Case brief
What is this about?
The Gauhati High Court in an Execution Case allowed a compromise settlement in National Lok Adalat. The appellant insurance company agreed to pay Rs. 1,50,000 to the respondents as a full and final settlement. The court directed a 45-day period for depositing the amount.
What did the court decide?
Appellant to deposit Rs. 1,50,000 within 45 days. 9% interest p.a. on delay. Release of statutory deposit upon proof.