Supreme Court of India · 2009-02-13
NEW INDIA ASSURANCE CO. LTD. vs MOSOMAT BHUDHIYA DEVI .
- Citation / case number
- SC 2006/17691
- Court
- Supreme Court of India
- Petitioner
- NEW INDIA ASSURANCE CO. LTD.
- Respondent
- MOSOMAT BHUDHIYA DEVI .
- Author
- S.B. SINHA,MUKUNDAKAM SHARMA, , ,
- Bench
- S.B. SINHA,MUKUNDAKAM SHARMA, , ,
Judgment text excerpt
The Supreme Court upheld the High Court's judgment, stating that there was no need for interference. However, it modified the rate of interest awarded by the High Court from 12% per annum to 9% per annum, deeming the former rate excessive. The appeal was disposed of with these modifications, allowing the respondents to withdraw the litigation costs deposited by the appellant.