Srinagar, Oct. 23 -- The Motor Accident Claims Tribunal (MACT), Srinagar, has awarded Rs 58.50 lakh in compensation to the family of an engineer who died in a road accident in Ramban in 2013, holding that his legal heirs were entitled to pursue the claim even though he was driving his own insured vehicle.
In an award on October 21, the District & Sessions Judge Presiding Officer, MACT, Fayaz Ahmad Qureshi, directed Oriental Insurance Company Ltd to pay Rs 58,50,282, along with interest at 9 per cent per annum from May 5, 2015, the date the compensation petition was instituted, until the amount is realised.
The tribunal further directed that if the compensation is not paid within 30 days, the amount due would carry interest at 12 per cent ...