New India Assurance Co. Ltd. v. Bibi Monashabari & Ors.
Case brief
What is this about?
Insurance company appealed a MACT award of Rs.35,95,850 with 7.5% interest in a fatal accident of a minor child involving a DTC bus. Following its earlier decision adopting multiplier 18 for minors below 15, and rejecting a challenge to use of Delhi minimum wages based on the family's Delhi address, the court dismissed the appeal.
What did the court decide?
Insurer to deposit entire compensation with accrued interest before MACT within 6 weeks for release per impugned award; statutory deposit refundable after such deposit.