National Insurance Company Ltd. v. Pushap Lata and Others
Case brief
What is this about?
Refund of excess motor accident compensation deposit: National Insurance Company Limited (applicant/appellant in CMP No. 28706 of 2025 in FAO No. 45 of 2022) obtained an order dated 10.04.2026 directing refund of the amount deposited in excess after FAO (MVA) No. 45 of 2022 (disposed 26.09.2025) reduced the MAC Petition No. 44 of 2016 award of the Motor Accidents Claims Tribunal-II, Haimrpur, H.P. (Rs. 63,11,599/- @ 7.5% per annum, decided 26.10.2021) to Rs. 61,62,168/- with interest reduced from 7.5% to 6%. Excess deposit plus proportionate accrued interest to be remitted to the applicant's bank account detailed in Paragraph-2 of the application, subject to proper verification; application disposed of.
What did the court decide?
Refund to the applicant (National Insurance Company Limited) of the excess amount deposited by it alongwith proportionate interest accrued thereon, to be remitted to the applicant's bank account detailed in Paragraph-2 of the application, subject to proper verification; the application stands disposed of.