The Managing Director, TNSTC Vs. Sripriya
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Motor Vehicles Act,1988 - Section 166 , Section 149
Fatal Motor Accident - Award of compensation - Fixing of multiplier - Choice of multiplier - Highest multiplier would be 18 - The highest multiplier has to be for the age group of 21 years to 25 years when an ordinary Indian Citizen starts independently earning and the lowest would be in respect of a person in the age group of 60 to 70, which is the normal retirement age.
Motor Vehicles Act,1988 - Section 166 , Section 149
Fatal Motor Accident - Award of compensation with interest - As the interest rate is on the decline, the multiplier has to consequentially be raised.
Motor Vehicles Act,1988 - Section 166
Fatal Motor Accident - Award of compensation - Fixing of multiplier - Choice of the multiplier is determined by the age of the deceased (or that of the claimants whichever is higher).
BENCH :
Advocates For the Appellant(s) :
Topic(s)-Fatal Motor Accident , Award of compensation , Fixing of multiplier
Important Decision(s)- Fixing of multiplier - Choice of the multiplier is determined by the age of the deceased (or that of the claimants whichever is higher).