In a significant legal case, the High Court enhanced the compensation awarded to the deceased and established a 7.5% per annum interest rate. By meticulously analyzing the Income Tax Return documents and referencing pertinent legal precedents, the court arrived at a just and equitable decision. The court’s thorough legal analysis not only upheld fairness and justice but also set a crucial precedent for future cases involving compensation and interest rates.
Facts
- The High Court increased the compensation payable to Rs. 86,07,840/- along with 7.5 % interest per annum.
- Income Tax Return documents were relied upon to calculate the ‘Average Annual Income’ of the deceased.
- Future Prospects were not awarded by the High Court, which should have been upheld as per the case of National Insurance Company Ltd. v. Pranay Sethi and Ors. (2017 (16) SCC 680).
- Enhancement of compensation was directed as per a specific table provided in the judgement.
- The appeal by the claimants was disposed of, along with any pending applications, in the mentioned terms.
Also Read: Legal Analysis of Religious Practices in Educational Institutions
Decision
- Enhancement of compensation awarded to the deceased to Rs.1,06,71,710/-
- Rate of interest of 7.5% per annum from the date of filing of the petition till realization
Case Title: K. PRIYADHARSHINI Vs. M/S GAMMON INDIA LTD. (2022 INSC 1001)
Case Number: C.A. No.-006856-006856 / 2022
