Iffco Tokio General Insurance v. v.Raja
Case brief
What is this about?
The Madurai Bench of Madras High Court heard a Civil Miscellaneous Appeal against an award by the Motor Accident Claims Tribunal. The Court modified the Tribunal's award by reducing it from Rs. 24,03,000 to Rs. 16,47,000, confirmed the interest rate, and directed the insurance company to deposit the revised amount.
What did the court decide?
Award reduced to Rs. 16,47,000/-; interest at 7.5% p.a. confirmed; insurance company directed to deposit the balance; Tribunal directed to refund excess to insurer.