M/S. Iffco Tokio G.I.Co. Ltd. v. Pravati Pattanaik
Case brief
What is this about?
This court disposed of an appeal challenging the compensation quantum in a motor accident death claim. The court affirmed the Tribunal's assessment of future prospects and income but reduced the interest rate from 7% to 6% and waived penal interest. The insurer is directed to deposit the amount.
What did the court decide?
The appeal was disposed of; interest reduced to 6%; penal interest waived; insurer directed to deposit the compensation amount within two months.