The Divisional Manager, New India Assurance Co. Ltd. v. Laxmipriya Parida @ Sarojini Parida
Case brief
What is this about?
In this appeal by an insurer, the Division Bench directed confirmation of a motor accident compensation award but corrected the interest rate from 7% to 6% and clarified the correct name of the deceased claimant.
What did the court decide?
Interest rate reduced from 7% to 6% per annum from date of filing; Appellant directed to deposit compensation amount before the tribunal within two months.