Search Results Page

Search Results

1 - 6 of 6 (0.20 seconds)
Kum.V.Neha Vishwanatha vs The Managing Director on 22 February, 2016 cites

Minu Rout & Anr vs Satya Pradyumna Mohapatra & Ors on 2 September, 2013

25. Relying upon a judgment of the Apex Court reported in 2013 AIR SCW 5375 (Minu Rout and others Vs. Satya Pradyumna Mohapatra and others), with SCCH 1 26 MVC No.4867/2014 regard to interest at the rate of 9% p.a. on the compensation amount, in para 13 of the judgment, the Apex Court held that Insurance Company is also liable to pay interest at the rate of 9% p.a. from the date of application till the date of payment and also by following the principles laid down in (2011) 4 SCC 481 : (AIR 2012 SC 100) (Municipal Council of Delhi Vs. Association of Victims of Uphaar Tragedy). In view of the above judgments with regard to the rate of interest, and also it is settled law that while awarding interest on the compensation amount, the Court has to take into account the rate of interest of the nationalized bank and the rate of interest at 9% cannot said to be on the higher side.
Supreme Court of India Cites 7 - Cited by 781 - V G Gowda - Full Document

M.C.D vs Asscn.,Victims Of Uphaar Tragedy & Ors on 13 October, 2011

25. Relying upon a judgment of the Apex Court reported in 2013 AIR SCW 5375 (Minu Rout and others Vs. Satya Pradyumna Mohapatra and others), with SCCH 1 26 MVC No.4867/2014 regard to interest at the rate of 9% p.a. on the compensation amount, in para 13 of the judgment, the Apex Court held that Insurance Company is also liable to pay interest at the rate of 9% p.a. from the date of application till the date of payment and also by following the principles laid down in (2011) 4 SCC 481 : (AIR 2012 SC 100) (Municipal Council of Delhi Vs. Association of Victims of Uphaar Tragedy). In view of the above judgments with regard to the rate of interest, and also it is settled law that while awarding interest on the compensation amount, the Court has to take into account the rate of interest of the nationalized bank and the rate of interest at 9% cannot said to be on the higher side.
Supreme Court of India Cites 27 - Cited by 1848 - R V Raveendran - Full Document
1