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        Case ID :
        Indian Laws

        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.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                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.
                                Note: It is a system-generated summary and is for quick reference only.
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