Supreme Court upholds 9 percent interest

The Supreme Court dismissed two SLPs filed by The Oriental Insurance Company challenging the compensation awarded in a motor vehicle accident claim. The Court upheld the High Court’s and Tribunal’s findings on negligence, multiplier, future prospects, and interest rate. It rejected the insurer’s argument that interest should not be granted on the future prospects component and reaffirmed the entitlement of minor dependents to full compensation despite remarriage of the widow.