Branch Manager,Bajaj Allianz G.I.Co.Ltd. v. Dandapani Behera
Case brief
What is this about?
Affirmed the Tribunal's compensation of Rs.1 lakh for death in a vehicular accident, declining interference based on the modest amount. Directed insurer to pay principal plus interest and disapproved, that the award of penal interest at 9% per annum, being unjustified against an insurance company.
What did the court decide?
Award of Rs.1 lakh affirmed; insurer directed to pay award + standard interest within 6 weeks; course of appeal against award quashed and interest rate corrected.