Search Results for "Exorbitant Interest"

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Bombay High Court Partly Allows Appeal Reducing Land Acquisition Compensation from Rs. 2,00,000 to Rs. 1,00,000 per Acre for Lack of Evidence. Claimants failed to prove market value through sale instances or other evidence under Section 18 of Land Acquisition Act, 1894.

The case pertains to an appeal filed by the Executive Engineer, Medium Project Division, Latur, against the judgment of the Reference Court enhancing ...

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High Court of Karnataka Partly Allows BMTC Appeal in Motor Accident Claim Due to Contributory Negligence of Deceased Motorcyclist. Liability Apportioned Equally Between BMTC and Deceased, Compensation Reduced to Rs.39,55,000/- with 6% Interest.

The appeal was filed by the Bangalore Metropolitan Transport Corporation (BMTC) challenging the judgment and award dated 17.09.2016 passed by the IX A...

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Supreme Court Upholds Enhanced Compensation in Motor Accident Claim — Ex Gratia Payment Not Deductible. High Court's award of Rs. 48,00,000 with 7.5% interest held just; no interference required.

The case arises from a vehicular accident on 30.12.1995 where Shri Rajpal Singh Johal died after an oil tanker rammed into his car. Two claim petition...

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High Court of Bombay Reduces Compensation in Motor Accident Claim Due to Lack of Income Proof. Tribunal's assessment of deceased's income at Rs.5,000 per month set aside for absence of documentary evidence.

The case involves a motor accident claim arising from the death of Kishore Tete in a truck accident on 04.12.1994. The claimants, his widow and minor ...

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Bombay High Court Dismisses Union of India's Challenge to Arbitral Award on Loss of Profit and Interest in Railway Contract Dispute. Court Upholds 5% Loss of Profit on Withdrawn Work and 9% Interest as Reasonable and Within Tribunal's Discretion Under Section 34 of Arbitration and Conciliation Act, 1996.

The case involves two arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging a common arbitral award dated ...