The Divisional Manager, the Oriental Insurance Co. Ltd. v. Chairperson, Permanent Lok Adalat(Public Utility Servises)
Case brief
What is this about?
An insurer challenged a Permanent Lok Adalat award directing payment of compensation with interest. Court reduced directed interest rate to 6% per annum within three weeks of payment.
What did the court decide?
Petitioner directed to pay awarded amount with 6% interest per annum.