https://www.taxtmi.com/caselaws?id=113414 An insurer's third-party liability remains confined to the statutory limit unless the policy contains a specific agreement for enhanced cover supported by additional premium; a comprehensive policy alone does not enlarge that liability. The insurer therefore cannot be fastened with the entire compensation beyond the statutory ceiling in the absence of proof of greater contractual undertaking. The governing provision on interest allows interest on compensation at the awarded rate, but does not permit retrospective enhancement or a penal default rate for non-payment within time. A stipulated higher rate on default is therefore impermissible. en-us Tue, 20 Jan 2004 00:00:00 +0530 Thu, 22 Sep 2016 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113414 An insurer's third-party liability remains confined to the statutory limit unless the policy contains a specific agreement for enhanced cover supported by additional premium; a comprehensive policy alone does not enlarge that liability. The insurer therefore cannot be fastened with the entire compensation beyond the statutory ceiling in the absence of proof of greater contractual undertaking. The governing provision on interest allows interest on compensation at the awarded rate, but does not permit retrospective enhancement or a penal default rate for non-payment within time. A stipulated higher rate on default is therefore impermissible. Case-Laws Indian Laws Tue, 20 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113414