injured case, where it is a permanent disablement, whether multiplier method can be mechanically applied to ascertain the future loss of income or earning power ... event loss of income or earning capacity may be ascertained by multiplier method as provided in II Schedule of the Motor Vehicles
above referred judgment.
11. Mr. Damle, further contended that multiplier method which is adopted by the learned Member of the Tribunal is also not proper ... British Columbia Electric Rly. Co. (1951) A.C. 601.
The multiplier method involves the ascertainment of the loss of dependency or the multiplicand and having
earlier case law, the Apex Court has held that the multiplier method alone is logically sound and legally well established. It is useful to refer ... this regard:-
"It is necessary to reiterate that the multiplier-method is logically sound and legally well established. There are some cases which have
award just and reasonable compensation on
the basis of the multiplier method. The Supreme Court referred
to the report in Gobald Motor Service ... supra), the Supreme Court observed as under:-
"13. The multiplier method involves the ascertainment
of the loss of dependency or the multiplicand having
regard
compute the loss of earning capacity according to the
multiplier method. The Supreme Court further held that the whole idea of
compensation ... able to lead a normal life.
The Court held that the multiplier method ensures the just compensation
while making for uniformity and certainty of awards
compute the loss of earning capacity according to the
multiplier method. The Supreme Court further held that the whole idea of
compensation ... able to lead a normal life.
The Court held that the multiplier method ensures the just compensation
while making for uniformity and certainty of awards
Thomas & Ors. [(1994) 2 SCC 176], wherein the Court
acknowledged multiplier method logical, sound and legally well
established. The Court held ... operative multipliers. Some follow the multiplier
with reference to Susamma Thomas [set out in
Column (2) of the table above]; some follow the
multiplier with
compute the loss of earning capacity according to the multiplier method. The Supreme Court further held that the whole idea of compensation ... that is not in dispute. Therefore, adopting multiplier method will be appropriate. In view of the Full Bench decision in Cholan Roadways Corporation, compensation under
earnings:
There are 3 methods for computing loss of future earnings:
a. Interest method
b. Lump sum method
c. Multiplier method
33. The Court thereafter ... there are at least three methods
of computing future earnings, namely, the interest method, lump sum
method and the multiplier method. However, since there
award just and reasonable
compensation on the basis of the multiplier method. The
Supreme Court referred to the report in Gobald Motor
Service ... supra), the Supreme Court observed as
under:-
"13. The multiplier method involves the ascertainment of
the loss of dependency or the multiplicand having regard
