(1.) The Appellant New India Assurance Company Limited takes exceptions to the judgment dated 31.07.2004 passed by the Motor Accident Claims Tribunal (the Claims Tribunal) whereby while awarding a compensation of Rs. 1,75,000/- for the death of Indeshwar Rai, the Appellant's plea of limited liability of Rs. 50,000/- in terms of the policy was rejected. The Appellant was directed to pay the entire compensation of Rs. 1,75,000/- as awarded by the Claims Tribunal.
(2.) On 07.10.1988 at about 11:00 A.M. the deceased and one Surender (PW-2) were proceeding on their respective bicycles towards Nehru Place. The deceased was run over by a speeding bus No.DEP-7259 driven by the Fourth Respondent (Ved Prakash).
(3.) During inquiry before the Claims Tribunal, it was claimed that the deceased was working as a mason with M/s. S.Tirath Singh Engineers and was getting a salary of Rs. 1500/- per month. The Claims Tribunal assessed the deceased's income to be Rs. 1125/- per month and computed the loss of dependency as Rs. 1,62,000/-. On adding a sum of Rs. 13,000/- towards non-pecuniary heads, the overall compensation of Rs. 1,75,000/- was awarded.