National Insurance Company Ltd. v. Krishnaveni@Krishnaveni Ramasamy
Case brief
What is this about?
The Insurance Company appealed the Motor Accident Claims Tribunal's award of Rs.14,30,000 for the death of a 12-year-old minor. The Court reduced the compensation to Rs.8,00,000 plus interest, citing inflation, rather than the insurer's preferred Rs.5,00,000.
What did the court decide?
Compensation reduced to Rs.8,00,000 plus interest at 7.5% per annum from the date of the petition.