Reliance General Insurance Co. Ltd. v. Md. Kasim Mian and Ors.
Case brief
What is this about?
In a motor vehicle accident claim, the Patna High Court set aside the Tribunal's compensation of Rs. 7,39,000. The Court re-assessed the quantum to Rs. 5,23,600 based on a 40% future prospect allowance and directed the insurer to pay the revised amount with interest.
What did the court decide?
Compensation quantified at Rs. 5,23,600 with 9% interest per annum from the date of filing; insurer directed to pay within three months.