MUNICIPAL CORPORATION OF GR. BOMBAY vs LAXMAN IYER

The Supreme Court upheld the award of compensation under Section 110-A of the Motor Vehicles Act, 1939, for the death of a cyclist in an accident involving a bus owned by the Municipal Corporation of Greater Bombay. The Court found that the Tribunal's application of a multiplier of 15 based on the deceased's potential earnings was appropriate, despite the Corporation's claims of contributory negligence. The Court affirmed the compensation amount of Rs. 4,01,250 with interest at 12% per annum, reducing it from the previously awarded 15%. The judgment of the Bombay High Court was thus upheld with modifications to the interest rate.