HON’BLE SRI JUSTICE K.S.APPA RAO M.A.C.M.A.No.122 of 2008 Date: 17-6-2011 Between The New India Assurance Company Ltd., Rep. by its Branch Manager, Bhimavaram … Appellant/Respondent No.3 and Vatrapu Srinivasa Reddy and another … Respondents/Petitioners Guruvelli Nagendra Vara Prasad and another … Respondents/Respondents 1 and 2 HON’BLE SRI JUSTICE K.S.APPA RAO M.A.C.M.A.No.122 of 2008 Judgment: Heard the learned Standing Counsel for the appellant-Insurance Company. 2. Aggrieved by the award and decree dated 18-6-2007 in O.P.No.51 of 2004 on the file of the Chairman, Motor Accidents Claims Tribunal cum II Additional District Judge, Eluru, West Godavari district the present civil miscellaneous appeal is filed. 3. The appellant herein is the 3rd respondent in O.P.No.51 of 2004. The claimants made a claim of Rs.3,00,000/- for the death of the deceased Vikash Kumar Reddy, aged 4 years and was studying L.K.G., on the date of accident. The tribunal below while assessing the evidence on record awarded an amount of Rs.1,50,000/- under all heads with interest at 7.5% per annum from the date of petition till the date of realization to the petitioners towards compensation for the death of deceased. Being aggrieved by the same, the Insurance Company has preferred this civil miscellaneous appeal. 4. Now, the point for consideration is -- whether the interest of 7.5% per annum as ordered by the tribunal below is to be scaled down ? 5. Point:- A perusal of the impugned order, the tribunal below while placing reliance on a judgment in Shyam Lal v. Rajendra Kumar (2001 ACJ 215 Raj.) awarded an amount of Rs.1,50,000/- towards compensation to the claimants as the facts and circumstances of the said case are identical to the facts and circumstances of the present case on hand, however, awarded interest at the rate of 7.5% per annum from the date of petition till the date of realization. 6. The learned Standing Counsel for the appellant-Insurance Company draws the attention of the Court to the judgment in SARLA VERMA v. DTC[1] and urged that the interest at the rate of 7.5% per annum is to be reduced to 6% per annum. 7. As seen from the judgment in SARLA VERMA’s case (1 supra), the tribunal below while awarding compensation shall grant interest at the rate of 6% per annum from the date of petition till the date of realization. Therefore, by placing reliance on the aforesaid judgment, the interest at the rate of 7.5% per annum as ordered by the tribunal below is reduced to 6% per annum from the date of petition till the date of realization. 8. With this modification, the civil miscellaneous appeal is allowed. No costs. ___________________ K.S.APPA RAO, J. 17th June, 2011. Ak HON’BLE SRI JUSTICE K.S.APPA RAO M.A.C.M.A.No.122 of 2008 17th June, 2011. [1] (2009) 6 SCC 121