The Managing Director, v. R.Sabura Banu
Case brief
What is this about?
The Madras High Court allowed an appeal against a Motor Accident Claim award originally fixed at Rs. 9,83,000. Following the Supreme Court's ruling in Pranay Sethi requiring a 40% future prospects component instead of 50%, the Court recalculated the dependency loss, reducing the total compensation to Rs. 9,21,800 and directed the appellant to deposit the amount.
What did the court decide?
Compensation reduced from Rs. 9,83,000 to Rs. 9,21,800; Appellant directed to deposit the sum with 7.5% interest within eight weeks.