ICICI Lombard v. Khushboo
National Consumer Disputes Redressal CommissionNC/RA/64/2024Bench: Binoy Kumar (Presiding Member), Justice Saroj Yadav (Member)
Interest rates in insurance-related consumer disputes generally range between 6-9% per annum. An interest rate of 10% cannot be imposed without justification. The NCDRC modified the interest rate awarded by the lower forum.