The Supreme Court observed that the method of determination of compensation applying two multipliers is erroneous.The suitable multiplier is to be applied keeping in view the age of the deceased, the bench comprising Justices Hemant Gupta and V. Ramasubramanian said.In this case, in an appeal filed against the order of Motor Accidents Claim Tribunal, the Madras High Court affirmed the. …
The Supreme Court observed the even in case of a deceased who had no income at the time of death, their legal heirs shall also be entitled to future prospects by adding future rise in income.It is not expected that the deceased who was not serving at all, his income is likely to remain static and his income would remain …
The Supreme Court has reiterated that addition of 40% income must be given towards future prospects while computing motor accident compensation if the deceased was self-employed and was aged less than aged 40 years. "This Court in a Five Judge Bench decision in National Insurance Co. Ltd. v. Pranay Sethi, 16 SCC 680,clearly held that in case the deceased is …
With over 1.5 lakh deaths annually in motor accident cases in India, it is not unsurprising that claims on account of compensation for motor accident deaths is one of the most disputed arenas of litigation in the Supreme Court. In Arun Kumar Agrawal v. National Insurance Co. Ltd., the MACT gave notional income of INR 5,000/- per month to the …