Authority: Supreme Court of India
Order Date: 28-09-2026
Case Overview
- Parties: The New India Assurance Company Ltd (appellant) versus Liya & Others (respondents/claimants).
- Background: The High Court originally awarded Rs1,27,52,500 as compensation; the Supreme Court, in its order dated 12‑05‑2026 (Civil Appeal No.8363/2026), reduced the award to Rs73,49,500 and affirmed that interest shall be calculated at 8% per annum.
- Registrar’s apportionment: Respondent No.1 is entitled to 75% of the total amount, while Respondent No.2 and Respondent No.3 each receive 12.5%.
- Payments made: Claimants have already received Rs38,55,344 together with interest at the stipulated 8% per annum.
- Interest calculation: Interest accrued from 14‑01‑2015 (date of filing before the MACT) to 23‑09‑2025 totals Rs32,68,109, bringing the overall amount now payable to Rs67,62,265.
Final Outcome
- The Court holds that the claimants are entitled to a total sum of Rs67,62,265.
- The balance remaining after this payment shall be credited to The New India Assurance Company Ltd within one week of this order.
- The miscellaneous application is hereby disposed of.
Topics: Compensation, Insurance, Court Order