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2000 DIGILAW 1241 (SC)

United India Insurance Company LTD. v. Fancy Traders

2000-07-28

S.S.M.QUADRI, Y.K.SABHARWAL

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( 1 ) LEAVE is granted. ( 2 ) HEARD learned Counsel for the parties. ( 3 ) THE net loss caused to the respondent due to fire was assessed at Rs. 4,72,146. 00 but the appellant paid only a sum of Rs. 2,75,180. 00 to the Bank of the respondent. The balance amount together with interest at the rate of 18% was ordered to be paid to the respondent by the State Commission. ( 4 ) HAVING regard to the facts and circumstances of the case, the High Court also did not interfere with the rate of interest awarded by the State Commission. We find no justification for our interference in the matter under Article 136 of the Constitution. ( 5 ) THE appeal is accordingly dismissed. There shall be no order as to costs.