D.M.,O.I.Co.Ltd. v. Tarini Ch.Gauda andANR
Case brief
What is this about?
The single judge of the High Court of Orissa dismissed the insurer's appeal against a motor accident compensation order. While retaining the principal sum of Rs. 20,000, the Court modified the interest rate from 7% to 6% per annum and directed the insurer to deposit the amount with interest for disbursement to the claimants.
What did the court decide?
The appeal was disposed of; the insurer directed to deposit Rs. 20,000 with 6% interest.