Tribunals/Courts: Motor Accidents Claims Tribunal (MACT), Palakkad; High Court of Kerala, Ernakulam; Supreme Court of India.
Judges: Justice Sanjay Karol and Justice Nongmeikapam Kotiswar Singh.
Issues / Allegations / Violations
Determination of the deceased’s monthly income for compensation calculation.
High Court had increased the monthly income to ₹70,000 (after notional tax deductions) based on professional receipts, raising total compensation to ₹1,27,52,500.
Appellant contended that the High Court’s assessment of net monthly income was excessive and sought a revised, lower figure.
Findings & Observations
Supreme Court held that the net monthly income should be fixed at ₹40,000.
Applied 40% for future prospects (as per National Insurance Co. Ltd. v. Pranay Sethi, 2017 SCC 680, paras 42 & 59.4).
Used a multiplier of 16 (age 33) to calculate loss of dependency.
Deducted one‑third of the computed amount for personal and living expenses (deceased was married with three dependents).
Deduction (1/3) = ₹1,07,52,000 ÷ 3 = ₹35,84,000 (rounded to ₹71,68,000 after subtraction as shown in order)
Loss of Income/Future Earnings = ₹71,68,000
Loss of Consortium = 48,400 × 3 = ₹1,45,200
Loss of Estate = ₹18,150
Funeral Expenses = ₹18,150
Total Compensation = ₹73,49,500
The Supreme Court noted that the High Court’s earlier award of ₹1,27,52,500 was excessive compared with the recalculated amount.
Penalties / Settlements / Directions
Total compensation fixed:₹73,49,500 (Rupees Seventy‑Three Lakh Forty‑Nine Thousand Five Hundred only).
Interest: Compensation to carry interest at 8% per annum, as ordered by the High Court.
Payment Directive: The appellant‑insurance company must deposit the balance amount (after adjusting any sums already deposited) with the Registry of this Court or the concerned Tribunal within six weeks.
Bank Account Details: Claimants must furnish their bank account particulars to the appellant’s counsel promptly.
Additional Timing: If the claimant has not yet received the amount awarded by the High Court, the amount must be remitted within eight weeks; if already deposited, it shall be disbursed together with accrued interest.
Corrective Actions & Future Obligations
Provide claimant’s bank account details to the appellant’s counsel without delay.
Ensure payment of the stipulated compensation amount plus accrued interest within the prescribed timelines.
Adjust any previously deposited sums against the total liability before making the final payment.
Final Ruling & Enforcement
The appeal is disposed of in the terms outlined above.
Any pending applications, if any, are also disposed of.
The order is signed by Justice Sanjay Karol and Justice Nongmeikapam Kotiswar Singh.