Surja Ram and Ors. v. Smt.Meetha Bai and Anr.
Case brief
What is this about?
Held that an appeal against a Motor Accident Claims Tribunal award is disposed of via a mutual settlement wherein the insurance company pays an enhanced compensation sum, resulting in a fully satisfied claim.
What did the court decide?
Insurance company to pay enhanced lump-sum of Rs. 3,25,000/– with 7% p.a. interest on delay within two months; claim deemed satisfied upon deposit.