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Life Insurance Corporation Of India vs Kuldip Kaur, Widow Of Sh. Manohar Singh on 10 November, 2009 cites

Dharampal & Ors vs U.P.State Road Transport Corp on 12 May, 2008

18- This submission has been considered. It was held by the Hon'ble Supreme Court in Dharampal's case (Supra) that the prevailing Bank rate of interest was 7.5% P.A. and the rate of interest should be awarded at that rate. Therefore, it is held that the rate of interest awarded by the learned District Forum is excessive. It is reduced to 7.5% P.A. 19- In view of discussions held above, this appeal is accepted only to the extent that the rate of interest is reduced from 9% P.A. to 7.5% P.A. 20- The appellants had deposited an amount of Rs.25,000/- in this Commission at the time of filing of the appeal on 24.5.2006.This amount of Rs.25,000/- along with interest accrued thereon, if any, be remitted by the registry to the respondent by way of a crossed cheque/demand draft after the expiry of 45 days under intimation to the Learned District Forum and to the appellants. This amount shall be adjusted against the principal amount admissible under this insurance policy.
Supreme Court of India Cites 6 - Cited by 378 - M Sharma - Full Document
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