Case brief
What is this about?
Madras High Court C.M.A. quantum-only appeal against motor accident death award; deduction of income tax (Rs.50,474/-, FY 2021-2022) from annual notional income before applying multiplier; monthly income Rs.78,732/- upheld despite Ex.P22 pay slip showing Rs.72,882/-; future prospects 15%; multiplier 11 for deceased aged 52; loss of dependency recalculated at Rs.82,02,106/-; total compensation scaled down from Rs.91,53,559/- to Rs.83,92,106/-; deposit direction with 7.5% interest; Section 173 Motor Vehicles Act, 1988; M.C.O.P No.3652 of 2021; New India Assurance Co. Ltd.
What did the court decide?
Civil Miscellaneous Appeal partly allowed with no costs; connected miscellaneous petition closed; quantum scaled down from Rs.91,53,559/- to Rs.83,92,106/-; appellant/Insurance Company directed to deposit Rs.83,92,106/- with interest at 7.5% per annum from the date of claim petition till the date of deposit, within four weeks, to the credit of M.C.O.P No.3652 of 2021 on the file of the Motor Accident Claims Tribunal, VI Judge, Court of Small Causes, Chennai; Insurance Company at liberty to withdraw excess deposited over and above the awarded compensation; claimants/respondents 1 to 4 at liberty to withdraw their shares as per the Tribunal's apportionment, with costs and interest, after filing a proper withdrawal petition.