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Oriental Insurance Co.Ltd. vs Deepti on 8 April, 2022

It was held in the case of Divisional Manager, Oriental Insurance Co. Ltd., Cuttack Vs. Kalbalatha Mohaaapatra reported in 2005 (1) TAC 569 that the rate of interest must be just and reasonable depending upon the facts and circumstances of each case taking all relevant factors including inflation, change of economy and policy adopted by Reserve Bank of India and accordingly reduced the rate of interest from 9% to 6%.
Madhya Pradesh High Court Cites 7 - Cited by 2 - A Verma - Full Document

United India Insurance Ltd. vs Lokendra Singh Yadav on 7 March, 2024

For this purpose the learned coordinate Bench relied upon the decision in case of Divisional Manager, Oriental Insurance Co. Ltd. Cuttack vs .Kalbalatha Mohaaapatra reported in 2005 (1) TAC 569 in which it was held that the rate of interest must be just and reasonable depending upon the facts and circumstances of each case taking all relevant factors including inflation, change of economy and policy adopted by Reserve Bank of India and accordingly reduced the rate of interest from 9% to 6%.
Madhya Pradesh High Court Cites 4 - Cited by 0 - Full Document
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