The New India Assurance Co. Ltd. v. Smt. Usha Prakash Patole (Deceased) and Ors.
Case brief
What is this about?
First appeal against a Motor Accident Claims Tribunal award, contesting only the conventional-head compensation. Applying Magma General Insurance norms of Rs.48,000 consortium and Rs.18,000 each for funeral expenses and loss of estate per claimant, the court found Rs.70,000 excess over three claimants and allowed the insurer to withdraw it.
What did the court decide?
Appellant permitted to withdraw excess Rs.70,000 with proportionate interest; claimants to withdraw balance; statutory amount transmitted to Tribunal.