Ningappa S/O Devindrappa Ayaldor v. M/S Icici Lombard Motor Insurance Co.Ltd., and Anr.
Case brief
What is this about?
The High Court allowed a miscellaneous first appeal under Section 173(1) of the Motor Vehicles Act. It modified the Motor Accident Claims Tribunal award, enhancing compensation by Rs.77,500 for the minor appellant under the new Supreme Court formula developed in Master Mallikarjun.
What did the court decide?
Award modified to include additional compensation of Rs.77,500/- for loss of future income carrying interest at 6% per annum.