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MACT compensation awarded with 9% interest from filing till deposit
15-Feb-2023 (In Motor Accident Law)
my query is if a judge award mact compensation of 30 lakhs with 9% interest from filing till deposit means how much the actual amount one will get at final if the case duration is 4 yrs? 30 lakhs only or more???
Hello,
you will get rupees thirty and also rupees ten lakhs and eighty thousand as interest at the rate of 9% per annum for four years. approximately you will be getting 40 lakhs and eighty thousand rupees as compensation
you will get rupees thirty and also rupees ten lakhs and eighty thousand as interest at the rate of 9% per annum for four years. approximately you will be getting 40 lakhs and eighty thousand rupees as compensation
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Adv. Devapriya V
Chennai | 25+ Answers
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