National Insurance Co.Ltd vs Gurumallamma & Anr

The Supreme Court addressed the application of Section 163A of the Motor Vehicles Act, 1988, in determining compensation for a fatal accident. The Court held that the multiplier method is not applicable in fatal accident cases, as clarified by Note 5 of the Second Schedule, and emphasized that compensation should be calculated based on structured formulas provided therein. The Court upheld the compensation awarded by the Tribunal and High Court, affirming the amount of Rs.4,78,300/- as justifiable under the circumstances.