✦ Supreme Court of India

PUTTAMMA & Ors. v. K. L. NARAYANA REDDY & Anr.

Case Details Supreme Court of India

Court

Supreme Court of India

Bench

INGHVI SUDHANSU JYOTI MUKHOPADHAYA

Length

18,978 words

Acts & Sections

A B Motor Vehicles Act 1988 A Motor Vehicle Act 1939 Arbitration Act §31 Before we refer to the broad features of the Act 1988 Code of Civil Procedure §3 Code of Civil Procedure §34 Compensation Act 1923 F Motor Vehicles Act 1988 F the Act 1988 Further prayer was made to direct the Central Government to amend the Second Schedule of the Act 1988 Indian Penal Code Indian Succession Act 1925 In view of the aforesaid provisions of the Act 1988 Motor Vehicle Act 1939

Cited in this judgment

UP. State Road Transport Corporation & Ors. v. Trilok Chandra & Ors. (1996) 4 SCC 362: 1996 (2) Suppl. SCR 443; Oriental Insurance· Co. Ltd. v. Hansrajbhai V. Koda/a (2001) 5 SCC 175: 2001 (2) SCR 999; Deepal Girishbhai Son and others vs. United India Insurance Co. Ltd., Baroda (2004) 5 SCC 385 and Sar/a Verma (Smt.) and others vs. Delhi Transport Corporation and another 2009(6) SCC 121: 2009 (5) SCR 1098 - referred to.

8. Grant of Interest: Section 171 of the Act, 1988 deals G with the award of interest where any claim is allowed. Under the said provision no rate of interest has been fixed.and its duty is bestowed· upon the Tribunal to fix the rate of interest. This question is kept open· for Tribunals and Courts to decide the rate of interest after taking into H consideration the rate of interest allowed by the Supreme PUTTAMMA & ORS. v. K. L. NARAYANA REDDY & 841 ANR. Court in similar case and other factors such as inflation, A change.in economy, policy adopted by the Reserve Bank .of India from time to time and the period since when the case is pending. [Paras 57, 62] (890-F, H; 892-E-F] · Kaushnuma Begum v. New India( Assurance Co. Ltd. & B

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