United India Insurance Co. Ltd. v. Sri B.Visweswara Rao
Case brief
What is this about?
This court allowed a civil miscellaneous appeal in part, upholding the quantum of compensation awarded by the Motor Accident Claims Tribunal for an injured claimant but reducing the rate of interest on the award from 9% to 7.5% per annum based on recent apex court judgments.
What did the court decide?
Civil Miscellaneous Appeal allowed in part. Rate of interest on compensation reduced from 9% to 7.5% per annum from date of petition till realization.