Manager,N.I.a.Co.Ltd v. Ratnamanjari Sahoo
Case brief
What is this about?
Orissa High Court, Cuttack; MACA No.248 of 2011; insurer appeal (New India Assurance Co. Ltd., Cuttack) vs claimants (Ratnamanjari Sahoo and Others); tribunal award Rs.2,26,000 @7% p.a. (judgment dated 28.01.2010, 3rd MACT Bhubaneswar, MAC Case No.182 of 2000) reduced/settled to Rs.2,25,000 @6% p.a. from 19.06.2000; death of Dayanidhi Sahoo in accident dated 08.03.2000; deposit within two months; statutory deposit refundable on application and proof; judge B.P. Routray; order dated 17.12.2024.
What did the court decide?
Appeal disposed of with the compensation fixed (agreed by both sides' counsel) at Rs.2,25,000 with interest @6% per annum from 19th June, 2000; insurer to deposit before the tribunal within two months, disbursement to claimants per tribunal-determined terms/proportion; earlier deposits (order dated 28.03.2017) and statutory deposit with accrued interest refundable on proper application and proof.