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High Court of Karnataka Enhances Compensation for Death in Motor Vehicle Accident — 15% Contributory Negligence Upheld but Multiplier Corrected. Claimants awarded enhanced compensation of Rs. 10,82,550/- with 6% interest under Motor Vehicles Act, 1988.

The appeal was filed by the claimants, the wife and two minor children of the deceased Eranna, against the judgment and award dated 2nd August 2014 pa...

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Bombay High Court Quashes Reopening of Assessment for UK Insurance Company in Income Tax Case — Lack of Fresh Material and Change of Opinion. Reopening under Section 147 of Income Tax Act, 1961 based on mere change of opinion without new tangible material is invalid.

The petitioner, The Prudential Assurance Company Ltd., a UK-incorporated insurance company registered as a sub-account of a Foreign Institutional Inve...

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High Court Enhances Compensation for Injured Claimant in Motor Accident Case Due to Incorrect Income Assessment and Omission of Future Prospects. Notional Income Revised to Rs.13,250/- per Month and 40% Future Prospects Added Under Motor Vehicles Act, 1988.

The appellant, Madhukumar @ Madhu H.R., sustained grievous injuries in a motor vehicle accident on 25.09.2019 when a Nissan car driven rashly and negl...

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Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

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Madras High Court Allows Enhancement of Compensation in Motor Accident Claim Case — Deceased Pedestrian Hit by Motorcycle. Court applies multiplier method and adds future prospects for self-employed professional aged 70 years under Motor Vehicles Act, 1988.

The appellants, wife, son, and daughter of the deceased Ganapathy KGS Mani, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, ...

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High Court Enhances Compensation for Motor Accident Victim with 40% Disability — Future Prospects and Pain & Suffering Considered. The Court applied 40% future prospects to notional income of Rs. 6,000/- per month and enhanced non-pecuniary damages for a 36-year-old claimant with permanent disability.

The appellant, Gangadhar s/o Sambhaji Mangalwad, a 36-year-old service holder, filed a claim petition before the Motor Accident Claims Tribunal, Nande...