Supreme Court Allows Appeal in Insurance Claim Dispute — Restores Interest Rate to 12%. The High Court's reduction of interest from 12% to 6% was found to be erroneous as the arbitrator's award was reasonable and upheld by the trial court....
The case involved an appeal by a partnership firm against Oriental Insurance Co. Ltd. regarding a claim for insurance after the firm's shop was damaged during communal riots in 1991. The firm had take...




