Icici Lombard General Insurance Company Ltd. v. Kunti Borah and Ors.
Case brief
What is this about?
Lok Adalat order settling a motor accident death claim between ICICI Lombard General Insurance Company Ltd and respondents. Total settlement of Rs. 17,00,000; balance of Rs. 8,36,845 ordered deposited by insurer within 45 days with 9% interest.
What did the court decide?
Deposit of unpaid settlement amount (Rs. 8,36,845) within 45 days with 9% p.a. interest if delayed.