Case Note & Summary
The case involved a civil appeal by Uttaranchal Transport Corporation Ltd. against a decision regarding compensation owed to Smt. Vimla Devi and others. The Supreme Court addressed the parameters for calculating compensation, specifically focusing on the multiplier and interest rate. The court found it appropriate to fix the multiplier at 10 and the interest rate at 6% per annum, modifying the previous order to ensure fair compensation. The judgment emphasized the need for just compensation in such cases, leading to the deletion of a line in the earlier judgment that was deemed unnecessary. The final order was issued on March 3, 2009.
Headnote
A) Tort Law - Compensation Calculation - Modification of Multiplier and Interest Rate - Not mentioned - The court modified the compensation calculation parameters, fixing the multiplier at 10 and the interest rate at 6% per annum, ensuring fair compensation for the claimant. Held that the adjustments were necessary for just compensation (Paras Not mentioned).
Issue of Consideration
Whether the multiplier and interest rate for compensation should be modified.
Final Decision
The Supreme Court modified the compensation parameters, fixing the multiplier at 10 and the interest rate at 6% per annum.
Law Points
- Compensation calculation
- multiplier method
- interest rate determination
