Manager,Legal,M/S.Bajaj Allianz General Insurance Company Ltd. v. Prasanta Kandi
Case brief
What is this about?
The High Court of Orissa disposed of the appeal based on a compromise. The court directed the insurer to deposit Rs. 7 lakhs for the claimant, with interest if payment is delayed, and recalled a prior order.
What did the court decide?
Directed appellant to deposit Rs. 7,00,000 to the Tribunal within two months; upon payment, Tribunal to disburse claim; 6% interest if not paid on time. Appeal disposed of.