The New India Assurance Co.Ltd.Adilabad v. Syed Atir Salman and 3 Ors.
Case brief
What is this about?
In this civil appeal, the Insurance Company challenged the Claims Tribunal award regarding an accident where the jeep driver was found solely responsible. The High Court upheld the liability finding and compensation amount, reducing the interest rate from 9% to 7% per annum.
What did the court decide?
The Civil Miscellaneous Appeal filed by the Insurance Company is partly allowed; interest rate reduced from 9% to 7% per annum.