M/S JIT RAM SHIV KUMAR vs NATIONAL INSURANCE COMPANY LTD.

The Supreme Court addressed the issue of interest payment in the context of a consumer dispute under the Consumer Protection Act. The Court upheld the National Consumer Disputes Redressal Commission's order for the insurance company to pay the insured Rs. 8,20,575 with interest at 18% per annum from 12.8.1987, while rejecting the claim for additional compensation of Rs. 1 lakh due to justified delay in claim processing. The Court clarified that the delay was reasonable given the circumstances of the case, thus partly allowing the appeal.