New India Assurance Company v. Mr. Chinna Narasimha and Anr.
Case brief
What is this about?
This is a Civil Miscellaneous Appeal filed by an insurance company to challenge a penalty-less compensation award of Rs.2.49 lakhs with victim in a workmen compensation case arising from a road accident injury the High Court found no merit in the challenge regarding the quantum of compensation but allowed interest on the amount as per apex court ruling.
What did the court decide?
Interest @ 12% p.a. from date of accident till date of deposit; compensation amount retained unchanged.