🇮🇳India

थर्ड-पार्टी क्लेम ट्रिब्यूनल देरी

1 verified sources

Definition

Long procedure for third-party claims via tribunal increases costs if not settled promptly.

Key Findings

  • Financial Impact: ₹1-5 lakhs per tribunal case (escalated compensation)
  • Frequency: High in accident-prone taxi ops
  • Root Cause: Mandatory FIR and tribunal process

Why This Matters

The Pitch: Taxi operators face ₹1-5 lakh extra in tribunal awards due to procedural delays. Automated FIR integration reduces liability.

Affected Stakeholders

Legal Teams, Insurers

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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