National Insurance Co. Ltd., v. Mr. Mohammed Kaleem @
Case brief
What is this about?
The High Court allowed the Motor Accident Claims appeal in part, modifying the Tribunal's interest rate from 9% to 6% per annum while affirming the principal compensation amount of Rs. 5,10,000 for the death of a minor child in a rash and negligent driving case.
What did the court decide?
Interest rate reduced from 9% to 6% p.a.; Insurance Company directed to deposit Rs. 5,10,000 with 6% interest within six weeks.