Ayisha, v. New India Assurace Company Ltd.
Case brief
What is this about?
On a settlement of claims totaling Rs. 1,04,200 inclusive of interest, the High Court allowed the motor accident claims appeal by confirming the compromise and directing the insurer to deposit the funds within sixty days with penalty interest for default.
What did the court decide?
Compromise petition accepted; Insurance Company directed to deposit Rs. 1,04,200 within sixty days; 9% p.a. interest for delay.