Search Results for "notional interest"

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Search Results for "notional interest"

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High Court

High Court of Karnataka Enhances Compensation for Injured Claimants in Motor Accident Cases — Notional Income Fixed at Rs.9,000 per Month for Non-Earning Persons. The court held that the Tribunal erred in taking notional income at Rs.6,000 per month and enhanced compensation for pain and suffering, loss of amenities, medical expenses, and loss of future income under the Motor Vehicles Act, 1988.

6 Jul 2020

These two appeals arise out of motor accident claims. The appellants, Kirana (MFA 3391/2017) and Aruna (MFA 3393/2017), were injured in a road acciden...

High Court

Gujarat High Court Enhances Compensation for Death of Minor in Motor Accident — Notional Income of Rs. 60,000 per Month Applied for 17-Year-Old Student. The court held that a student with good academic record and educated parents could have earned high salary, justifying higher notional income.

2 Feb 2026

The appeal was filed by the United India Insurance Company Ltd against the judgment and award dated 20.03.2021 passed by the Motor Accident Claims Tri...

High Court

High Court Enhances Compensation in Motor Accident Claim Case -- Appellant Granted Additional Rs.89,140 with Interest at 6% p.a. -- Tribunal's Award Modified for Incorrect Income Calculation and Omission of Loss of Amenities

22 Jan 2026

The High Court allowed an appeal seeking enhancement of compensation in a motor accident claim case -- The appellant had sustained injuries in a road ...

High Court

Gujarat High Court Allows Appeal in Motor Accident Claim Case — Compensation Enhanced for Deceased Truck Conductor. Notional Income of Rs.3,000 per Month with Future Prospects and Multiplier of 18 Applied Under Section 166 of Motor Vehicles Act, 1988.

10 Feb 2026

The case arises from a motor accident claim petition filed by the parents of the deceased, Tejsinh Chandansinh Parmar, who died in a vehicular acciden...

High Court

High Court of Karnataka Partly Allows Appeals for Enhancement of Compensation in Motor Vehicle Accident Deaths of Minors, Lays Down Guidelines for Just Compensation. Court Holds That Parents Are Entitled to Compensation Based on Notional Income of Deceased Minor Child, Applying Second Schedule Multipliers and Adding Future Prospects.

12 Sep 2024

The appeals arose from two motor vehicle accidents involving minor children. In MFA 11440/2011, a 14-year-old boy died when the motorcycle he was ridi...

High Court

High Court of Karnataka Enhances Compensation for Death of Minor in Motor Accident Case, Insurance Company's Appeal Dismissed. The court held that notional income for a deceased minor should be Rs. 30,000 per annum as per Kishan Gopal, and enhanced conventional heads to Rs. 70,000 as per Pranay Sethi.

4 Mar 2025

The case involves two appeals arising from a motor accident claim petition. The claimants, Hanamant Dundappa Narale and Mahadevi, parents of a decease...

High Court

High Court of Karnataka Partly Allows Insurance Company's Appeal Reducing Compensation in Motor Accident Claim Due to Erroneous Income Calculation. Tribunal's Award Modified as Notional Income of Deceased Reduced from Rs. 6,000 to Rs. 4,500 Per Month Under Motor Vehicles Act, 1988.

9 Jan 2018

The appeal was filed by the National Insurance Co. Ltd. under Section 173(1) of the Motor Vehicles Act, 1988, challenging the quantum of compensation ...

High Court

High Court of Karnataka Allows Appeals in Motor Accident Claims Cases — Compensation Enhanced for Multiple Claimants. Court held that the Tribunal erred in fixing a low notional income and in not awarding just compensation under various heads, applying multiplier method and principles from settled precedents.

1 Oct 2020

The case involves multiple appeals filed by Smt. Ujwala Prasad, the owner of a vehicle involved in an accident, challenging the compensation awarded b...

High Court

WP(MD)No.6979 of 2021

19 Feb 2025

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Supreme Court

Supreme Court Allows Appeal in Motor Vehicle Accident Claim, Restoring Compensation Based on Income Tax Returns. Income Tax Returns and Audit Reports Held Reliable Evidence for Determining Loss of Income Under Section 168 of Motor Vehicles Act, 1988, Overturning High Court's Use of Notional Income.

30 Sep 2022

The Supreme Court heard a civil appeal arising from a motor vehicle accident claim. The deceased, a businessman aged above 31 years, died in a collisi...

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