Future prospects should be paid even in case of notional income - Motor Vehicles Act,1988

FCS Deepak Pratap Singh | Last updated: 25 February 2022

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The Supreme Court has ruled that future prospects should be included when calculating compensation, even if the deceased's income is notional. This decision arose from an appeal concerning a motor accident where the Delhi High Court had reduced the compensation awarded by the tribunal. The Supreme Court reinstated a higher amount, emphasising fairness and recognising the value of homemakers' contributions.

KIRTI ANR. ETC.VS. ORIENTAL INSURANCE COMPANY LTD IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NOS.1920 of 2021 [Arising out of Special Leave Petition(C) Nos.1872829 of 2018] HELD THAT In the recent case passed by the three-judge bench of the Supreme

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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