The Oriental Insurance Co. Ltd., Hyderabad v. M Raveena, Hyderabad and 3 Others
Case brief
What is this about?
The High Court allowed appeals in part against the Motor Accidents Claims Tribunal's award. It enhanced compensatory damages to Rs. 20,60,121 based on leaving prospects calculations and adjusted future prospects for minor children. Interest rate was increased from 7% to 7.5% per annum.
What did the court decide?
Compensation reduced to Rs. 20,60,121 with interest at 7.5% per annum from filing date to realization date.