The National Insurance Company Limited v. C.Raja
Case brief
What is this about?
The National Lok Adalat settled a civil miscellaneous appeal filed by The National Insurance Company Limited against a Motor Accidents Claims Tribunal award. Both parties reached a compromise to settle the matter for Rs. 24,50,000 plus interest, leading to the dismissal of the appeal and refund of court fees.
What did the court decide?
The appeal was disposed of upon receipt of a sum of Rs. 24,50,000 along with interest at 7.5% per annum as per the terms of settlement.