The Managing Director v. Nargis Nirmala Devi
Case brief
What is this about?
This court allowed an appeal in part against a Motor Accident Claims Tribunal award. It modified the award by directing the appellant to pay a total sum, requiring major claimants to withdraw shares, and ordering the minor's share to remain in a bank for interest withdrawal by the guardian once in three months until majority.
What did the court decide?
Appellant to pay Rs.14,97,542/-; Major respondents to withdraw shares; Minor's deposit kept in bank with interest withdrawal by guardian quarterly; Appellant to recover excess deposit.