Question

According to Section 171 of the MV Act, what authority does the Tribunal have regarding the payment of interest on the award?

a.

No authority

b.

Authority to set interest rates

c.

Authority to direct payment of interest at specified rates and from a specified date

d.

Authority to waive interest

Answer: (c).Authority to direct payment of interest at specified rates and from a specified date Explanation:The Tribunal may direct payment of interest on the award at specified rates and from the date specified by it, as per Section 171.

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Q. According to Section 171 of the MV Act, what authority does the Tribunal have regarding the payment of interest on the award?

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