Manager,Legal,M/S.Cholamandalam M.S.G.I.Co.Ltd. v. Bidyutprava Biswal
Case brief
What is this about?
The High Court disposed of the insurer's appeal by fixing reduced compensation of Rs.60 lakh with 6% interest. The court accepted that the vehicle was involved and the tribunal was not flawed, waiving penal interest and directing deposit. Claimants must file with the tribunal for final distribution.
What did the court decide?
Compensation fixed at Rs.60 lakh with 6% interest; penal interest of 12% waived; insurer directed to deposit amount before tribunal within two months.