A.P.S.R.T.C. v. Bathini Laxmi
Case brief
What is this about?
The government insurance company appealed against the Motor Accident Claims Tribunal's award of compensation. The High Court held that liability was clear based on witness admission and found the estimated income reasonable. The appeal was allowed only in part to reduce the applicable interest rate from 9% to 7.5% per annum.
What did the court decide?
"Appeal allowed in part reducing the rate of interest to 7.5% per annum. Except to the said extent, the order of the Tribunal is confirmed."