Jagadeesh v. M/S Prabhat Granite Pvt. Ltd.
Case brief
What is this about?
This was a Lok Adalat conciliation order in a miscellaneous appeal against a Motor Accident Claim Tribunal award. The parties settled, agreeing to an enhanced compensation of Rs. 1,00,000 payable by the insurance company with interest on default.
What did the court decide?
Appointment of 9% per annum interest on the additional Rs. 1,00,000/- if not deposited within six weeks; appeal disposed based on settlement memo.