BINOD SARDAR Vs. MANAGER, ORIENTAL INSURANCE COMPANY LIMITED

JUDGEMENT

(1.) ADMITTEDLY , Petu Sardar alias Lakhiram Sardar, son of Binod Sardar, a twenty years old boy, who was a bachelor, died in a motor accident on 12.3.1992. His parents, brothers and sisters filed an application for compensation under Section 166 of the Motor Vehicles Act, 1988.

(2.) THE tribunal on the basis of evidence on record calculated annual dependency at Rs. 8400/ -, after deducting 1/3rd of his income towards his personal expense and applied 8 multiplier thereto. In our opinion, that was not the appropriate multiplier.

(3.) IF this amount is kept in term Deposit in a Nationalised Bank, it would fetch interest equal to the aforesaid amount of annual dependency.