MVA 171 — Award of interest where any claim is allowed

Motor Vehicles Act, 1988

Statutory text

Where any
Claims Tribunal allows a claim for compensation made under this Act, such
Tribunal may direct that in addition to the amount of compensation simple interest shall also be paid at such rate and from such date not earlier than the date of making the claim as it may specify in this behalf.
Corresponding Law. - Section 171 corresponds to section 110-CC of the Motor Vehicles Act, 1939.

Objects and Reasons. - Clause 170 empowers the Claims Tribunal to order that simple interest at such rates as it thinks fit shall also be paid alongwith the award of compensation.

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