the new india assurance v. smt Padala lakshmi
Case brief
What is this about?
MACMA appeal relinquished for compromise settlement. The insurer agreed to deposit Rs. 42,25,000 plus 9% interest, leading to disposal.
What did the court decide?
Appellant to deposit Rs. 42,25,000 with 9% interest within two months; balance to be deposited by insurer.