The Branch Manager National Insurance Co. Ltd. v. Mangali Bai
Case brief
What is this about?
Karnataka HC, MFA No. 3881/2019 (MV-D), decided 21-08-2025, P Sree Sudha J; National Insurance Co. Ltd. v. Mangali Bai and V. Kandaswamy (lorry owner, Reg. No. KA 01/AE-5269); motor accident death of 9-year-old Ramanayaka, accident 21.12.2009; MVC No.46/2011, Senior Civil Judge and JMFC K.R. Pet award of Rs.5,00,000/- with 9% interest against claim of Rs.8,60,000/-; appeal under S.173(1) MV Act restricted to interest rate; interest reduced from 9% to 6% per annum from date of petition till date of deposit; insurer to deposit entire compensation within one month; statutory amount Rs.25,000/- to Tribunal; 50% award amount already deposited, balance to be deposited.
What did the court decide?
Appeal allowed; rate of interest modified to 6% per annum instead of 9% per annum from the date of petition till the date of deposit; appellant-insurance company directed to deposit the entire compensation amount within one month from the date of the order; respondent No.1 permitted to withdraw the entire amount along with interest accrued from the date of petition till the date of deposit; statutory amount of Rs.25,000/- to be transferred to the Tribunal; balance of the award amount (50% already deposited) to be deposited and transferred to the Tribunal.