Karnataka high court: Delay in compensation justifies 9% interest | Bengaluru News
Bengaluru: An interest rate of 9% is more appropriate in cases involving death and serious injury, especially where there is a long delay in the claimant’s receiving the compensation, the high court ruled.Justice Tara Vitasta Ganju, upholding the decision of the Motor Accident Claims Tribunal, Bengaluru, in a 10-year-old accident case, noted in her recent…
