The High Court addressed the determination of compensation ...

High Court determines compensation for motor accident: Rs. 30,88,592 + 7% interest. Insurance Company to pay in 8 weeks.

Case Laws Indian Laws

July 4, 2024

The High Court addressed the determination of compensation following a motor vehicular accident. The Court considered the deceased's annual income based on previous three years of Income Tax Returns, adjusting it to Rs. 1,76,496. Additionally, an amount of Rs. 60,000 from heavy goods vehicles was added. The Court rejected the Insurance Company's plea of policy violation due to lack of evidence. The total compensation, after adjustments, was fixed at Rs. 30,88,592 along with 7% interest. The Court directed the Insurance Company to deposit the sum within eight weeks for disbursement to the claimants, modifying the previous award.

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The High Court addressed the determination of compensation ...

High Court determines compensation for motor accident: Rs. 30,88,592 + 7% interest. Insurance Company to pay in 8 weeks.

Case Laws Indian Laws

July 4, 2024

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