Reliance Gic Ltd. v. K T Manjegowda
Case brief
What is this about?
The High Court of Karnataka modified the compensation awarded in two motor vehicle accident cases. It increased the total compensation from Rs.9,50,200 to Rs.11,63,600 due to future prospects and loss of amenities, while reducing the interest rate from 9% to 6% per annum.
What did the court decide?
Compensation enhanced to Rs.11,63,600; interest rate reduced to 6% p.a.; Insurance Company directed to deposit amount.