Loan EMIs Alone Can’t Justify High Income in Accident Claims: SC

Advertisement National Insurance Co. Ltd. Vs Neeru Devi & Ors. (Supreme Court of India) SC curbs inflated income assumptions in motor accident claims: Compensation scaled down to realistic level The Supreme Court  partly allowed the insurer’s appeal and reduced the compensation awarded in a motor accident claim, holding that income cannot be assessed on conjectures and inflated assumptions. The Court noted that the Tribunal and High Court had accepted a monthly income of ₹95,000 without any documentary support such as income-tax returns, despite the income being well above the taxa...