United India Insurance Co. Ltd., v. Smt. Yashodamma
Case brief
What is this about?
In this motor accident case, an insurance company appealed against a tribunal award of Rs.6,21,200 for a minor's death. The High Court held that the loss of dependency amount was excessive and re-laid the compensation at Rs.5,41,235 with interest at 6% per annum, allowing the appeal in part.
What did the court decide?
Compensation reduced to Rs.5,41,235 (down from Rs.6,21,200) and interest rate reduced to 6% per annum. Appellant directed to deposit the revised amount with the Tribunal within eight weeks.