Apsrtc v. M.Srinivasa Reddi
Case brief
What is this about?
The High Court partly allowed an appeal filed by a respondent corporation against a Motor Vehicle Accident Claims Tribunal award granting Rs.7,50,000 to an employee injured in a road accident. The Court reduced the compensation to Rs.7,00,000 and the interest rate from 9% to 7.5% per annum as settled authorities suggested a lower rate. The cross-objection seeking enhancement was dismissed.
What did the court decide?
Compensation reduced from Rs.7,50,000 to Rs.7,00,000; interest rate reduced from 9% to 7.5% p.a.