Oriental Ins.Co.Ltd. v. Gandhari Nayak
Case brief
What is this about?
M/s Oriental Insurance Co. Ltd. appealed against interim compensation of Rs.50,000 awarded to claimants on no fault liability. The High Court disposed of the appeal, finding no merit to interfere with the impugned order, and directed refund of statutory deposit.
What did the court decide?
Statutory deposit with accrued interest refunded to the Appellant-Insurance Company.