Maragathamani v. Elangovan
Case brief
What is this about?
The High Court enhanced compensation awarded to the claimants for the death of their son in a motor accident. The court determined a higher notional income and applied future prospects and multiplier principles, directing the insurance company to deposit the increased amount.
What did the court decide?
The compensation awarded by the Tribunal is enhanced from Rs.11,68,400/- to Rs.16,22,00/- which would carry interest at the rate of 7.5% per annum.