Sri Kotreshappa a v. Oriental Assurance Co. Ltd.
Case brief
What is this about?
Appeal by parents and sister of a deceased Engineering student seeking enhancement of compensation of Rs.24,18,000 awarded for death in a motor vehicle accident. Court adopted Rs.25,000 notional income per its earlier Division Bench decision, added 40% future prospects, applied multiplier 18, and awarded Rs.39,61,500 with 6% interest on the enhanced amount.
What did the court decide?
Compensation enhanced from Rs.24,18,000 to Rs.39,61,500 with 6% p.a. interest on enhancement; insurance company to deposit within two months.