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%.