The Divl. Manager, Oriental Insruance Co. Ltd. v. Prasanta Kumar Nanda
Case brief
What is this about?
Insurer's appeal against a motor accident compensation award of Rs.37,06,511 with 6% interest was disposed of by consent at a reduced amount of Rs.28,000,000... wait, Rs.28,00,000 (twenty-eight lakhs) with 6% interest from date of claim filing; default interest of 12% waived; statutory deposit refundable.
What did the court decide?
Reduced compensation of Rs.28,00,000 with 6% interest directed to be deposited within two months; 12% default interest waived; statutory deposit refunded on application.