New India Assurance Co. Ltd. v. Sri Inayathulla
Case brief
What is this about?
The High Court enhanced quantum of compensation in two motor accident appeals by revising the notional income from 3,000 to 5,000 per month. Interest rate was reduced from 8% to 6% per annum. Liabilities were modified against insurers.
What did the court decide?
Quantum of compensation enhanced to Rs. 3,38,600/ and Rs. 2,10,578/- respectively. Interest reduced from 8% to 6% per annum. Insurers directed to deposit enhanced amounts.