The National Insurance Co. Ltd. v. Mangal Ali and Anr.
Case brief
What is this about?
In a Lok Adalat proceeding regarding a motor accident claim, the court recorded a settlement agreement between the National Insurance Company and the claimant for Rs. 1,50,000 and directed the deposit of the amount.
What did the court decide?
The appellant was directed to deposit Rs. 1,50,000 within 45 days failing which interest of 9% per annum would accrue.