Managing Director, TNSTC Ltd Vs. K.I. Bindu
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Motor Vehicles Act,1988 - Section 168
Fatal Accidents Act, 1855 - Section 1-A - Fatal motor accident - Compensation - Multiplier method - Factors to be considered, enumerated - Deceased aged 34 years - Tribunal applying multiplier of 17 - Held, multiplier of 13 was proper - Hence, when annual dependency was Rs. 46,752 x 13; compensation comes to about Rs. 6 lakhs instead of Rs. 8 lakhs granted by Tribunal - Interest on said sum awarded at 7.5 per cent, taking note of prevailing rate of interest on bank deposits.
Motor Vehicles Act,1988 - Section 168
Fatal motor accident - Mode of disbursal of compensation awarded specified, to ensure responsible use.
BENCH :
Advocates For the Appellant(s) :
Topic(s)-Fatal motor accident