Mathematics · Indemnity Claim Calculation
Mr. Arvind (Indemnity Holder) is sued by a third party for a property dispute. Mr. Balu (Indemnifier) had promised to save Arvind from any loss. The court orders Arvind to pay ₹5,00,000 as damages. Additionally, Arvind incurs ₹45,00,000 in legal fees and ₹12,000 as interest. Calculate the total amount Arvind can legally recover from Balu under Section 125, assuming his decision to defend was prudent. (Note: Legal costs = ₹45,000)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹4,57,000
- 2₹5,57,000✓
- 3₹5,45,000
- 4₹5,00,000
Correct answer
₹5,57,000
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