The New India Assurance Co. Ltd. v. Salgoori Vijay
Case brief
What is this about?
The High Court allowed the insurance company's appeal in part. It reduced the multiplier from 17 to 16 and capped heads of claim at Rs.20,000, modifying the total compensation to Rs.3,78,400 with 6% interest.
What did the court decide?
Compensation modified to Rs.3,78,400/- with interest at 6% p.a. Appeal allowed in part.