National Insurance Co. Ltd vs Pranay Sethi on 31 October, 2017
6. As rightly contended by the learned counsel for the
appellants, the Tribunal committed an error in failing to
appreciate the Lok Adalat guidelines which stipulate that in
respect of an accident that took place in the year 2016, the
notional income should be taken as Rs.9,500/- per month and
in view of the law laid down by the Apex Court in Pranay
Sethi's case, the Tribunal ought to have added 10% of future
prospects to the notional income of Rs.9,500/- per month,
since the deceased was aged about 52 years as on the date
of the accident. Hence, the compensation under the head 'loss
of dependency' is reworked as hereunder:-