M/S.the New India Assurance v. Ammaiappan
Case brief
What is this about?
This court allowed the appeal by the New India Assurance Co. Ltd. and dismissed the contender's claim. The Tribunal's award dated 04.05.2017 in M.C.O.P.Nos.435 of 2013 was confirmed. The insurer was directed to deposit the remaining award amount with interest at 7.5% p.a. within eight weeks.
What did the court decide?
Award confirmed; appeal dismissed; insurer to deposit balance award + 7.5% interest within 8 weeks; claimants permitted to withdraw amount from Tribunal.