Vijay Kumar and 4 Others v. National Insurance Co. Ltd. and 2 Others
Case brief
What is this about?
The Supreme Court enhanced non-pecuniary damages in a motor accident claim by Rs. 50,000 based on National Insurance Co. vs. Pranay Sethi guidelines. The Court rejected challenges regarding depreciation of income from higher education and statutory interest rates, finding no infirmity in the tribunal's award.
What did the court decide?
The award amount is enhanced to Rs. 7,63,000/- by adding Rs. 50,000/- to the single parent/non-pecuniary compensation component.