Court Sets 9% Interest – United India

Authority: Supreme Court of India

Order Date: 25-06-2026

Case Overview

• Petition: Special Leave Petition (C) No.19986/2024, arising from the impugned final judgment and order dated 14-09-2023 in FA No.130/2019 passed by the National Consumers Disputes Redressal Commission, New Delhi.
• Parties: Hindu Society Metropolitan Chicago (Petitioner) vs United India Insurance Company Ltd. & Ors. (Respondent).
• Counsel for Petitioner: Mr. Avinash Sharma (AOR), Ms. Akanksha Kapoor (AOR), Adv. Mr. Devendra Pandey, Adv. Mr. Gaurav Kumar.
• Counsel for Respondent: Mr. Atishi Dipankar (AOR), Mr. Harsh Kumar, Adv. Mr. Bipin Kumar Jha, Adv. Mr. Naveen Kumar, Adv. Mr. Binay Kr. Das (AOR).
• The petition sought exemption from filing a copy of the impugned judgment; the Court considered the merits of the interest component of the award.

Order Details

1. The Court heard learned counsel for both parties.

2. The interest payable on the award, previously fixed at 6% simple interest from the State Commission order dated 10.12.2018, is enhanced to 9% simple interest. All other aspects of the impugned order remain unchanged.

3. The respondent‑insurer must pay the enhanced interest amount within eight weeks from the date of this order (i.e., by 22‑08‑2026).

4. Any pending applications, if any, are to stand disposed of.

Final Outcome

• Interest rate on the award is increased to 9% simple interest, payable by United India Insurance Ltd. within eight weeks; the rest of the award terms stay as originally ordered, and all pending applications are deemed disposed.

Topics: Interest Rate, Insurance, Consumer Dispute