The Managing Director v. Mallamma
Case brief
What is this about?
The Karnataka High Court heard an appeal by KSRTC against a Motor Accident Claims Tribunal award of Rs.50,000 to an injured passenger. While upholding the negligence of the driver and the quantum of compensation, the Court reduced the interest rate from 9% to 6% per annum following its previous Division Bench precedent.
What did the court decide?
The judgment of the Tribunal is modified; interest rate reduced from 9% p.a. to 6% p.a. from the date of filing of the claim petition till realization.