Supreme Court of India · 2009-02-13
New India Assurance Co. Ltd vs Mosomat Bhudhiya Devi & Ors
- Citation / case number
- AIRONLINE 2009 SC 330
- Court
- Supreme Court of India
- Petitioner
- New India Assurance Co. Ltd
- Respondent
- Mosomat Bhudhiya Devi & Ors
- Bench
- Mukundakam Sharma, S.B. Sinha
Judgment text excerpt
The Supreme Court upheld the High Court's judgment, stating that it need not be interfered with. However, the Court modified the rate of interest awarded by the High Court from 12% per annum to 9% per annum, finding the former rate excessive. The appeal was disposed of with this modification, allowing the respondents to withdraw the litigation costs deposited by the appellant.