Supreme Court of India
Oriental Insurance Co. Ltd. v. Smt. Raj Kumari and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Motor Vehicles Act, 1988: s.147-Award of compensation-High Court while passing award of Rs.1.25 lacs, held that liability of insurer is limited to c Rs. 50, 000, however, insurer would pay entire amount to claimants and recover amount in excess of Rs. 50, 000 from the insured-On appeal, held, liability of insurer is limited to Rs.50,000-Balance of compensation be recovered from the insured. Rate of interest-Award of compensation with interest@ 12% p.a.-On appeal, held: /nterestfixed@9% p.a. considering the date of accident.
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