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National Insurance Company Ltd vs Pranay Sethi And Others on 22 June, 2022

43. In the copy of Aadhaar Card of the petitioner, his year of birth is mentioned as 1978. Further, in the PAN Card of the petitioner, his date of birth is mentioned as 21.10.1978. The date of accident is 20.02.2020. In view of said document, his age was about 42 years as on the date of accident. Hence, the appropriate multiplier would be 14 in view of pronouncement made by Constitutional Bench of Apex Court in the case titled as "National Insurance Company Ltd. Vs. Pranay Sethi & Ors.", passed in SLP(Civil) No. 25590/14 decided on 31.10.17. Considering the fact that petitioner was aged about 42 years at the time of accident and the fact that he was having permanent job as discussed above, future prospects @ 30% has to be awarded in favour of petitioner in view of pronouncement made by Constitutional Bench of Apex Court in the case titled as "National Insurance Company Ltd.
Himachal Pradesh High Court Cites 2 - Cited by 1946 - J R Dua - Full Document

K. Suresh vs New India Assurance Co.Ltd & Anr on 19 October, 2012

21. The Hon'ble Apex Court was pleased to consider the legal position for grant of reasonable and fair compensation and has laid down the binding guidelines that " the compensation should be just and is not expected to be a windfall or a bonanza nor it should be niggardly or a pittance". Reliance is placed on 2012 (8) SLT 676 titled K. Suresh Vs. New India Assurance Co. Ltd. The golden principles for assessment of adequate compensation to victims of road accident have been appreciated by the Full Bench of Hon'ble Apex Court in 2017 (13) SCALE 12 : 2017 XI AD (SC) 113 titled National Insurance Co. Ltd. Vs. Pranay Sethi and Ors., wherein it has been held:-
Supreme Court of India Cites 16 - Cited by 236 - D Misra - Full Document

Bajaj Allianz General Insurance ... vs Pooja & Ors. on 2 November, 2017

MACP No. 234/21; FIR No. 68/20; PS. Adarsh Nagar DOD:16.05.2026 Vs. Pranay Sethi & Ors." mentioned supra, as well as in view of recent decision of Hon'ble Delhi High Court in appeal bearing MAC APP No. 798/2011 titled as "Bajaj Allianz General Insurance Company Ltd. Vs. Pooja & Ors", decided on 02.11.17. The monthly notional income of petitioner has been taken as Rs. 2,00,000/- per month as discussed above. Thus, the loss of monthly income from the date of accident would be Rs. 2,00,000/-(100%). The total loss of earning would be Rs. 4,36,80,000/- (Rs. 2,00,000/- x130/100x12x14). Thus, a sum of Rs.4,36,80,000/- is awarded in favour of petitioner under this head.
Delhi High Court Cites 7 - Cited by 412 - R K Gauba - Full Document
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