Karnataka HC: No Fixed Formula for Road Accident Compensation Interest

The Karnataka High Court has stated that there is no rigid, predetermined method for calculating interest on compensation awarded in road accident cases. Judges have the discretion to determine the appropriate interest rate based on the specifics of each case. This approach allows for flexibility in ensuring fair compensation for victims.

The court emphasized that a uniform, unvarying formula would not adequately address the diverse circumstances that arise in such claims. The ruling aims to provide a more just and equitable process for awarding damages.

This ruling clarifies judicial discretion in awarding interest, potentially impacting the final compensation amounts for victims of road accidents.