Search Results for "notional interest"

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Search Results for "notional interest"

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High Court

High Court of Bombay at Nagpur Dismisses Insurance Company's Appeal in Motor Accident Claim — Notional Income of Deceased Student Fixed at Rs.8,000 Per Month Based on Educational Qualifications. The Court upheld the Tribunal's award of Rs.13,84,000 with interest, finding no perversity in the computation of notional income under Section 166 of the Motor Vehicles Act, 1988.

31 Aug 2017

The New India Assurance Co. Ltd. appealed against the judgment and award dated 23/12/2016 passed by the Motor Accident Claims Tribunal, Amravati, in C...

High Court

Gujarat High Court Allows Appeal in Part in Motor Accident Claim for Deceased Housewife — Notional Income Enhanced from Rs. 2,500 to Rs. 4,000 per Month. The court applied multiplier of 18 and deducted 1/3rd for personal expenses, awarding total compensation of Rs. 7,27,000 under Section 166 of Motor Vehicles Act, 1988.

3 Mar 2026

The appellant, Bharatbhai Gelabhai Gamara, filed a first appeal under Section 173 of the Motor Vehicles Act, 1988, challenging the judgment and award ...

High Court

Bombay High Court Allows Appeal of Parents of Deceased MBA Student, Enhances Compensation from Rs. 2 Lakh to Rs. 23.38 Lakh in Motor Accident Claim. Notional Income of Rs. 15,000 Per Month Adopted with 40% Future Prospects and Multiplier of 18.

18 Aug 2023

The appellants, parents of the deceased Sujeet Singh, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988 seeking compensation of...

High Court

Gujarat High Court Allows Appeal in Motor Accident Claim for Minor Deceased — Notional Income Fixed at Minimum Wage and Consortium Awarded to All Claimants. The court held that for a minor aged 14, notional income should be based on minimum wages, and each claimant is entitled to consortium under Section 173 of the Motor Vehicles Act, 1988.

2 Feb 2026

The appellant, Lalabhai Chelabhai Chauhan, father of the deceased minor Ravindra Lalabhai Chauhan, filed a First Appeal under Section 173 of the Motor...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claim — Deceased Pedestrian Hit by Motorcycle. Tribunal's assessment of notional income and multiplier upheld, but future prospects and consortium amounts enhanced under Motor Vehicles Act, 1988.

21 Mar 2024

The appeal was filed by the dependent of the deceased, Basavaraj Shivappa Sangalad (since deceased, represented by his wife Parvati), seeking enhancem...

High Court

High Court of Karnataka Enhances Compensation for Death of Minor in Motor Accident Case, Insurance Company's Appeal Dismissed. The court applied multiplier of 15 and added 40% future prospects for a deceased minor aged 15 years, relying on the principle that notional income of Rs.15,000 per annum under Schedule II of Motor Vehicles Act is applicable only for children below 15 years.

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 Gujarat Enhances Compensation for Injured Passenger in Motor Accident Claim — Notional Income Upheld but Non-Pecuniary Damages Increased. Tribunal's award of Rs.4,00,000/- enhanced to Rs.4,30,000/- with interest at 7.5% per annum for grievous injuries including fracture.

5 Mar 2026

The appellant, Minaben Karsanbhai Patel, was a passenger in a Chevrolet Spark car driven by her husband on 11.06.2016. The husband lost control and co...

High Court

High Court Sets Aside Arbitral Award in Arbitration Petition Under Section 34 of Arbitration and Conciliation Act, 1996 Due to Lack of Counterclaim. The award was found patently illegal as it granted compensation to an investor who had not filed any claim or counterclaim, based on a misconception from conciliation proceedings.

17 Mar 2026

The dispute arose from a stockbroker's operational error in handling a Margin Trading Facility account for an investor, leading to the auction of shar...

High Court

High Court of Bombay at Goa Dismisses Appeal in Motor Accident Claim Case — No Error in Tribunal's Assessment of Income and Multiplier. The Court upheld the award of ₹3,60,000 with interest, finding no perversity in the assessment of notional income or application of multiplier under the Motor Vehicles Act, 1988.

6 Nov 2023

The case arises from a motor accident claim filed by the parents of a 25-year-old deceased who died in a road accident. The Motor Accident Claims Trib...

High Court

Gujarat High Court Allows Appeal in Motor Accident Claim — Notional Income of Deceased Housewife Enhanced to Rs. 7,000 per Month Based on Minimum Wages. Compensation Enhanced from Rs. 5,00,000 to Rs. 8,00,000 with Interest at 7.5% per Annum Under Section 166 of Motor Vehicles Act, 1988.

27 Feb 2026

The case arises from a motor accident that occurred on 11.12.2011, when the deceased, Ashaben, along with other family members, was traveling in an Al...

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