New India Assurance Company Ltd. Aurangabad Thr Divnl Lmanager v. Dilip Rambhau Kamble and Ors.
Case brief
What is this about?
An insurance company appealed the quantum of compensation awarded by the Tribunal. The Single Judge held that the multiplier based on the deceased's age was correct but modified the deduction for personal expenses to half, resulting in a final award of Rs. 3,50,000.
What did the court decide?
The appeal was partly allowed. The compensation was modified to Rs. 3,50,000 along with interest at 9% per annum from the date of the petition.