The policy issued on 19.5.1987 was companyprehensive and was valid till 18.5.1998.
There is a categorical finding by both the companyrts below that the so called insurance policy filed by the appellant company had number been proved, as numberevidence was led by the companypany.
Briefly stated the facts are as follows A young Assistant Engineer aged about 27 years had died in a motor accident on 10.1.1988 while travelling in a bus bearing registration number URN 9428.
The bank manager was examined by the owner and in his statement he had categorically stated that the policy document is one which the bank had received in token of the insurance of the vehicle through the appellant company.
The Tribunal after companysidering the evidence and the insurance policy awarded a sum of Rs.6,25,000/ as companypensation payable by the appellant company along with 12 interest per annum upto date.
On appeal, being filed by the appellant, the High Court after hearing both the parties at length maintained the Award granted by the Tribunal but reduced the rate of interest to 9 per annum instead of 12.
2384.50 p. The claim petition was filed by the wife of the deceased.
3783 of 1999 had been filed by the claimants for the enhancement.
3783 OF 1999 Smt.
Versus New India Assurance Co.Ltd. Anr.
WITH CIVIL APPEAL NO.
Aggrieved thereby the present appeal has been preferred by the Insurance Company.
Kiran Singh Anr.
K.SEMA,J. These two appeals arise from the same judgment and order and they are being disposed of by this companymon judgment.
At the time of death the deceased was drawing a salary of Rs.
Civil Appeal No.5463 of 1998 had been filed by the New India Assurance Co. Ltd. against the Award and Civil Appeal No.
The said bus was insured with the appellant company.
