The New India Assurance Co. Ltd., v. Kantayapalem Ramesh
Case brief
What is this about?
The Single Judge affirmed the Tribunal's finding that the accident was not due to the injured's contributory negligence. While upholding the compensation principal of Rs. 70,000/- as appropriate, the court reduced the interest rate from 9% to 7.5% per annum, resulting in the appeal being partly allowed.
What did the court decide?
Interest rate reduced to 7.5% per annum; compensation principal affirmed; appeal partly allowed.