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High Court of Punjab and HaryanaFAO/8656/2015allowed

Magma Hdi General Insurance Co Ltd v. Neelam Rani & ORS

2025-10-31Mrs. Justice Sudeepti Sharma15 pages

-1-

IN THE HIGH COURT OF PUNJAB & HARYANA

AT CHANDIGARH Reserved On : 14.10.2025 Decided On: 31.10.2025 Magma HDI General Insurance Co. Ltd.

......Appellant Vs.

Neelam Rani and others ......Respondents CORAM: HON'BLE MRS. JUSTICE SUDEEPTI SHARMA

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So far as the interest part is concerned, as held by Hon'ble Supreme Court in Dara Singh @ Dara Banjara Vs. Shyam Singh Varma 2019 ACJ 3176 and R.Valli and Others VS. Tamil Nadu State Transport Corporation (2022) 5 Supreme Court Cases 107, the claimant-respondent is granted the interest @ 9% per annum on the revised amount from the date of filing of claim petition till the date of its realization.

18.

The appellant-Insurance Company is directed to deposit the revised amount of compensation alongwith interest with the Tribunal within a period of two months from the date of receipt of copy of this judgment. The Tribunal is directed to disburse the revised amount of compensation alongwith interest in the account of the claimants/respondents. The claimants/respondents is directed to furnish her bank account details to the Tribunal.

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 (SUDEEPTI SHARMA) JUDGE 31.10.2025 Sahil Whether speaking/non-speaking : Speaking Whether reportable : Yes/No