Supreme Court · 2005 INSC 164 · Decided 29 March 2005
New India Assurance CO. LTD. v. Charlie and ANR.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 164 · [2005] 2 S.C.R. 1173
- Case number
- CIVIL APPEAL No. 1862/2005
- Decided
- 29 March 2005
- Bench
- ARIJIT PASAYAT, S.H. KAPADIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Motor Vehicles Act Section 166
Headnote
B Motor Vehicles Act, 1988 : Section 166-Motor accident-Injured about 37 years and married~ Was earning Rs. 18, 000 per year-Compensation-Computation of-Multiplier C method-Fixation of appropriate multiplier-Held : Where the injured has suffered 100%, logic applicable to a deceased can in deprivation of income directly not applicable-Other circumstances to be considered-Multiplier of 18 worked out on basis of the prevalent banking D rate of interest-Compensation fixed at Rs. 3.5 lakhs with interest @ 7.5% p.a. Section 166-Accident compensation-Percentage of deduction for personal
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