The Branch Manager v. Sarkunam
Case brief
What is this about?
Insurance company appealed against the quantum of compensation awarded in a motor accident claim. The court confirmed the age of 60 years and multiplier of 9, reduced notional income to Rs.10,000 per month with 10% future prospects, awarded Rs.10,000 transport expenses, reducing total compensation to Rs.12,29,195/-.
What did the court decide?
Total compensation reduced to Rs.12,29,195/- with interest at 7.5% p.a.; appellant to deposit within four weeks; claimants permitted to withdraw as per Tribunal apportionment.