Search Results for "notional interest"

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Search Results for "notional interest"

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High Court

Gujarat High Court Partly Allows Appeal in Motor Accident Claim for Minor Deceased. Notional Income of Rs. 30,000 Per Annum Upheld, but Deduction for Personal Expenses Set Aside.

8 Jan 2026

The appellants, original claimants, filed an appeal under Section 173 of the Motor Vehicles Act, 1988, against the judgment and award dated 31.07.2023...

High Court

Bombay High Court Dismisses Winding-Up Petition by Deutsche Bank Against Finolex Industries Under Section 433(e) Companies Act, 1956 — Disputed Derivative Transaction Debt Precludes Summary Winding-Up. Court Holds That Winding-Up Petition Is Not a Debt Recovery Mechanism and Dismisses Petition with Costs.

28 Mar 2014

The judgment arises from a Company Petition filed by Deutsche Bank AG, Mumbai Branch, seeking winding-up of Finolex Industries Limited under Section 4...

High Court

Bombay High Court Allows Partition Appeal in Hindu Succession Case — Daughter Entitled to Equal Share in Ancestral Property. Court holds that a married daughter is a coparcener under the Hindu Succession Act, 1956, and notional partition cannot defeat her rights.

28 Mar 2014

The case involves a dispute over ancestral properties between a sister (respondent/plaintiff) and her brother's family (appellants/defendants). The re...

High Court

Gujarat High Court Allows Appeal in Motor Accident Claim — Notional Income Enhanced from Rs.7,500 to Rs.10,000 per Month for Deceased Pedestrian. Compensation Increased to Rs.15,38,000 with Enhanced Conventional Heads Under Motor Vehicles Act, 1988.

6 Feb 2026

The present appeal arises from a judgment and award dated 27.03.2024 passed by the Motor Accident Claims Tribunal (Main), Kheda at Nadiad, in Motor Ac...

Supreme Court

Supreme Court Allows Appeals by Successful Resolution Applicant and Union Bank in DHFL Insolvency Case, Upholds Resolution Plan Modifications on Avoidance Applications and Confidentiality. The Court held that the NCLAT exceeded its jurisdiction by modifying the resolution plan approved by the CoC and NCLT regarding avoidance applications, and that the commercial wisdom of the CoC is not subject to judicial review except under Section 30(2) IBC.

1 Apr 2025

The Supreme Court disposed of a batch of appeals arising from the insolvency resolution of Dewan Housing Finance Corporation Limited (DHFL) under the ...

High Court

High Court of Gujarat Enhances Compensation in Motor Accident Claim for Deceased Driver-Cum-Cleaner — Notional Income Increased from Rs.2,800 to Rs.5,000 per Month with Future Prospects and Conventional Heads. Deceased aged 50 years, self-employed; 10% future prospects added as per Pranay Sethi; total compensation enhanced to Rs.5,70,760.

18 Feb 2026

The appellants, legal heirs of deceased Mangabhai Pagi, filed a claim petition under the Motor Vehicles Act, 1988, seeking compensation for his death ...

High Court

Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation for Death of 17-Year-Old Student. Notional Income of Deceased Student Fixed at Rs.3,000 Per Month Instead of Rs.10,000, Applying Multiplier of 18 and Deducting 50% for Personal Expenses.

8 Jun 2017

The appeal arises from a judgment and award dated 03.05.2010 passed by the Motor Accident Claims Tribunal, Nagpur in M.A.C.P. No.980/2006. The appella...

High Court

High Court of Gujarat Partly Allows Appeal in Motor Accident Claim — Notional Income of Minor Deceased Enhanced from Rs.3,000 to Rs.8,000 per Month. Compensation Recalculated to Rs.10,30,000 with Enhanced Amount Payable at 6% Interest.

10 Feb 2026

The appeal arose from a motor accident claim where the deceased, a 17-year-old boy, died in a truck accident on 27.05.2017. The claimants, legal heirs...

High Court

Gujarat High Court Partly Allows Appeals in Motor Accident Case — Notional Income Upheld but Loss of Consortium Awarded. Claimants Failed to Prove Higher Income of Deceased Couple, but Entitled to Rs.40,000 Each for Loss of Consortium Under Motor Vehicles Act, 1988.

5 Mar 2026

The present appeals arise out of a motor accident that occurred on 12.05.2018, wherein the deceased Rakesh Maheshbhai Makwana and his wife Ramilaben R...

High Court

Gujarat High Court Allows Appeal in Motor Accident Claim — Notional Income Enhanced to Minimum Wage Rate. Deceased's Income Reassessed at Rs.8,655 per Month Under Motor Vehicles Act, 1988, Resulting in Enhanced Compensation of Rs.15,00,000.

2 Feb 2026

The case arises from a motor accident on 29.08.2019, wherein Ajaj Firojbhai Mirchandani, an occupant in a car, died due to the driver's rash and negli...

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