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Case Law Details

Case Name : Devendra Kumar Tripathi & Ors. Vs The Oriental Insurance Company Ltd. & Anr. (Supreme Court of India)
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Devendra Kumar Tripathi & Ors. Vs The Oriental Insurance Company Ltd. & Anr. (Supreme Court of India) SC enhances compensation for death of 14-year-old: Minimum wages, 40% future prospects & multiplier 15 applied .The Supreme Court  enhanced compensation payable to parents for the death of their 14-year-old son in a motor accident. The Tribunal had awarded a meagre ₹1.29 lakh, which the High Court enhanced to ₹4.70 lakh. The Apex Court held that notional income should be assessed on the basis of minimum wages applicable to a Class-B city, i.e. ₹5,400 per month, with addition...
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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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