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

7.2 This brings me to the prospective income of the claimant to be considered for the purpose of determination of future prospective loss of the income. As can be gathered from the findings and reasons assigned by the Tribunal, the Tribunal has failed to consider the aforesaid component despite the judgment of the Hon'ble Supreme Court which otherwise permits the Courts to take into consideration the prospective income even in the injured cases for the purpose of determination of future loss of income. Having noted the age of the claimant as 36 years and the fact that the claimant used to independently earn being self-employed, in view of the settled principles laid down by the Hon'ble Supreme Court in the case of National Insurance Company Ltd Vs. Pranay Sethi reported in 2017 (16) SCC 680, treating the case on hand falling in the age group below the age of 40 years, an addition of 40% is required to be considered for the purpose of determination of Page 11 of 26 Uploaded by MARY VADAKKAN(HC00204) on Fri May 01 2026 Downloaded on : Sat May 02 04:19:31 IST 2026 NEUTRAL CITATION C/FA/1947/2015 JUDGMENT DATED: 27/04/2026 undefined prospective income. Thus, the prospective income of the claimant is determined as Rs. 4,500/- multiply by 40% is equal to Rs. 1800/- plus Rs. 4,500/- is equal to Rs. 6,300/- per month.
Supreme Court of India Cites 32 - Cited by 9815 - D Misra - Full Document
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