Manager Tp Claims,Iffco-Tokio G.I.Co.Ltd v. Ramamani Pradhan
Case brief
What is this about?
The High Court allowed the insurer's appeal only to reduce the interest rate to 6%. The court upheld the tribunal's finding on vehicle involvement, confirming the witness evidence. The insurer must deposit the awarded compensation and adjusted interest before the tribunal.
What did the court decide?
Interest rate reduced from 7% to 6% per annum; insurer directed to deposit compensation within two months.