Mr Joy M Parel @ Joy Parel v. the Manager
Case brief
What is this about?
Lok Adalat settled a motor third party liability appeal between Joy M. Parel and New India Assurance. The parties agreed to a lump-sum enhancement of Rs.65,000 payable by the insurer with delayed deposit interest.
What did the court decide?
Respondent-Insurance to pay additional Rs.65,000 in six weeks; modify Tribunal Award; interest at 9% p.a. for delayed deposit.