The Managing Director, v. Minor Aadavan
Case brief
What is this about?
The High Court set aside the Tribunal's award of 9% interest, holding that compensation quantum was not excessive. The appeals allowed only insofar as interest rates were modified to 7.5% per annum. Compensation confirmed otherwise.
What did the court decide?
Interest on compensation reduced to 7.5% per annum; compensation amount confirmed otherwise; appellant directed to deposit balance.