Partly allowed
The National Insurance Co.Ltd. v. Minor Vignesh
Madras HCCMA(MD)/972/2013
Case brief
AI extract
What is this about?
The Madras High Court, in a Civil Miscellaneous Appeal under Section 173 of the Motor Vehicles Act, allowed the appeal in part. The Court directed the Insurance Company to deposit Rs. 5,10,000 with 7.5% interest, order a fixed deposit for the minor claimant, and permit the guardian to withdraw interest periodically for the minor's welfare.
What did the court decide?
Deposit of Rs. 5,10,000 with 7.5% interest; Fixed Deposit for minor until majority; Guardian permitted to withdraw interest quarterly; Excess amount refunded to appellant.