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1 - 10 of 10 (0.45 seconds)Section 304A in The Indian Penal Code, 1860 [Entire Act]
Section 337 in The Indian Penal Code, 1860 [Entire Act]
The Foreign Exchange Regulation Act, 1973
Section 166 in The Motor Vehicles Act, 1988 [Entire Act]
Forasol vs Oil & Natural Gas Commission (And Vice ... on 25 October, 1983
16. In the present case, admittedly the claimants filed a petition
in April, 1990 (affidavit sworn on 24th March, 1990) and claimed
compensation in INR i.e. Rs.57,25,000/-. Such compensation was not
claimed in U.S. Dollars. For the said reason and in view of the
decision of this Court in Forasol (supra) as followed in Renusagar
Power Co.Ltd.(supra), we hold that the date of filing of the claim
petition (April, 1990) is the proper date for fixing the rate of
exchange at which foreign currency amount has to be converted into
currency of the country (INR). The Tribunal and the High Court have
rightly relied on Ext.-A7, to fix the rate of exchange as Rs.17.30 (as
was prevailing in April, 1990).
The Motor Vehicles Act, 1988
Renusagar Power Co. Ltd vs General Electric Co on 7 October, 1993
In Renusagar Power Co. Ltd. v. General Electric Co. 1994 Suppl
(1) SCC 644, similar question came for consideration. In the said
case, a foreign award was under consideration and the Arbitral
Tribunal awarded the same in U.S. Dollars with interest.
Sarla Verma & Ors vs Delhi Transport Corp.& Anr on 15 April, 2009
As per the
decision of this Court in Sarla Verma (supra) there being four
dependents at the time of death, 1/4th of the total income to be
deducted towards personal and living expenses of the deceased. The
High Court has also noticed that out of 2,500 US Dollars, the deceased
used to spend 500 US Dollars i.e. 1/5th of his income. Therefore, if
1/4th of the total income i.e. Rs. 18,16,500/- is deducted towards
personal and living expenses of the deceased, the contribution to the
family will be (Rs. 72,66,000 – Rs. 18,16,500/- =) Rs.54,49,500/-.
Besides the aforesaid compensation, the claimants are entitled to get
Rs.1,00,000/- each towards love and affection of the two children i.e.
Rs.2,00,000/-and a sum of Rs.1,00,000/- towards loss of consortium to
wife which seems to be reasonable. Therefore, the total amount comes to
Rs.57,49,500/-.
Section 3 in The Motor Vehicles Act, 1988 [Entire Act]
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