The Managing Director v. Sri Basavaiah
Case brief
What is this about?
The High Court allowed the insurer''s first appeal to modify the compensation quantum awarded for a motor vehicle accident, adjusting the loss of dependency multiplier, loss of love and affection, and funeral expenses, resulting in a reduced award of Rs. 9,76,000.
What did the court decide?
The claimants are entitled to Rs. 9,76,000 with interest at 8% p.a. from the date of the petition till payment.