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

- National Insurance Company Limited Vs. Pranay Sethi and Others: The Hon'ble Apex Court has observed that : "Loss of estate has to be compensated by awarding Rs.15,000/-, loss of consortium should be Rs.40,000/- and funeral expenses should be Rs.15,000/-. The said amount has to be enhanced @ 10% in every three years". SCCH-14 35 MVC.1125 TO 1128/2020 Therefore, the petitioner is entitled to a sum of Rs.15,000/- under the Head of Loss of Estate and Rs.15,000/- towards Funeral Expenses. Whereas, Petitioner who is the son of deceased has lost the love & affection of his mother, and is thus entitled to a sum of Rs.40,000/- towards Parental Consortium.
Himachal Pradesh High Court Cites 2 - Cited by 1946 - J R Dua - Full Document

National Insurance Co. Ltd vs Pranay Sethi on 31 October, 2017

In the decision reported in AIR 2017 S.C. 5157 - National Insurance Company Limited Vs. Pranay Sethi and Others: The Hon'ble Apex Court has observed that: "In case of persons who are below 40 years of age and are self- employed or have fixed salary, there should be an addition of 40% to the income, towards future prospects". In this Petition, the deceased was of 27 years on the date of accident. Hence towards future prospects, 40% of the income has to be added. So, 40% of Rs.14,000/- comes to Rs.5,600/-. Therefore, the income of deceased comes to Rs.19,600/- per month (Rs.14,000 + Rs.5,600).
Supreme Court of India Cites 32 - Cited by 9815 - D Misra - Full Document

Sarla Verma & Ors vs Delhi Transport Corp.& Anr on 15 April, 2009

In Sarla Verma's case, the Hon'ble Apex Court has held that "if there is sole dependent, ½ of the income of the deceased may be deducted towards her personal and living expenses. In the case on hand, petitioner is the sole dependent of the deceased. Hence ½ of the income of the deceased may be deducted towards her personal and living expenses. Accordingly, after deducting ½ of the amount towards her personal expenses in Rs.19,600/- it comes to Rs.9,800/- per month (19,600 - 9,800) and multiplier applied is 17 which comes to Rs.19,99,200/- (Rs.9,800 x 12 x 17 = Rs.19,99,200/-) Thus, the Petitioner is entitled for compensation of Rs.19,99,200/- towards loss of dependency.
Supreme Court of India Cites 12 - Cited by 20141 - R V Raveendran - Full Document
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