Search Results for "Excessive Interest"

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration and Conciliation Act, 1996 — Upholds Arbitral Award Holding Stockbroker Liable for Unauthorized Trades by Agent. Broker Failed to Prove Client Authorization for Disputed Trades, Resulting in Compensation of Rs.14,37,200/- to Client.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by IIFL Capital Services Limited (formerly IIFL Secu...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Insurer Liable to Pay Compensation Despite Driver's Invalid License. Pay and Recover Principle Applied as Insurer Must Compensate Third Party and Recover from Owner.

The case arises from a motor accident claim filed by the respondent no.1 (original applicant) before the Motor Accident Claims Tribunal (MACT), Pune. ...

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High Court of Karnataka Dismisses NWKRTC Appeal in Motor Accident Claim — Upholds Compensation for Death and Injuries. Claimants awarded Rs.11,98,936/- for death and Rs.1,66,000/- for injuries with 8% interest.

The case involves three appeals arising from motor accident claims. The appellant, Managing Director of NWKRTC (North West Karnataka Road Transport Co...

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Bombay High Court Dismisses Insurance Company's Appeal Against Compensation Award in Motor Accident Claim — Negligence Proved and Quantum Upheld. Deceased's Income Reduced to Rs.2,800 per Month but 50% Future Prospects and Multiplier of 18 Applied Correctly.

The case arises from a motor accident claim filed by the parents of a deceased 25-year-old man who died in a vehicular accident. The claimants, Ramrao...

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High Court of Karnataka Partly Allows Insurance Company's Appeal, Reduces Compensation in Workmen's Compensation Case. Commissioner's assessment of 100% loss of earning capacity set aside as contrary to medical evidence showing 26% disability under Section 4(1)(c) of Workmen's Compensation Act, 1923.

The appeal was filed by the Oriental Insurance Company under Section 30(1) of the Workmen's Compensation Act, 1923, against the order dated 19th June ...

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High Court of Karnataka Allows Insurance Company's Appeal in Workmen's Compensation Case Due to Erroneous Assessment of Loss of Earning Capacity. Commissioner's Award Set Aside and Remanded for Fresh Assessment Based on Medical Evidence Under Workmen's Compensation Act, 1923.

The appeal was filed by the Oriental Insurance Company against the order of the Labour Officer and Commissioner for Workmen's Compensation, Sub Divisi...