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Supreme Court of India 2018-03-06 allowed

S. Thangaraj vs National Insurance Co. Ltd. rep. by the Branch Manager

Bench: 3 — D.Y. Chandrachud

In Brief

A man disabled in a motor accident sustained serious spinal and leg fractures, resulting in complete paralysis below the abdomen. The tribunal awarded Rs 11.27 lakh compensation (calculated on 70% disability) plus 12% annual interest. The High Court reduced the interest to 7.5%. The Supreme Court allowed the appeal, holding that the disability should be assessed as complete, not 70%, and restored Rs 3 lakh deducted by the tribunal. The Court also raised the interest rate to 9% per annum on the total compensation from the claim petition date, ordering payment of the differential amount within eight weeks."

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Motor Accidents Compensation Disability Interest Rate Tort Law

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