Bipin Chansradas v. G.Rajendran Nair
Case brief
What is this about?
The Kerala High Court modified an Motor Accidents Claims Tribunal award. It reduced the interest rate on compensation from 12% to 7% per annum, deeming the original rate exorbitant in the context of 1998 bank lending rates.
What did the court decide?
The appeal is allowed only to the extent of modifying the interest rate on the compensation award from 12% to 7% per annum.