The Cholamandalam Ms General Insurance Co. Ltd., v. Shri.Arun S/O Jinnappa Sattur
Case brief
What is this about?
Five miscellaneous first appeals were filed by insurance companies challenging a Motor Accidents Claims Tribunal award. The High Court upheld the 50% liability apportionment but modified the interest rate from 8% to 6% p.a.
What did the court decide?
The appeal filed by the insurance companies was allowed in part. The interest rate on the compensation was reduced from 8% per annum to 6% per annum.