Supreme Court of India · 2018-02-23
New India Assurance Co. Ltd vs Vinish Jain And Ors Etc Etc
- Citation / case number
- AIRONLINE 2018 SC 605
- Court
- Supreme Court of India
- Petitioner
- New India Assurance Co. Ltd
- Respondent
- Vinish Jain And Ors Etc Etc
- Author
- Deepak Gupta
- Bench
- Deepak Gupta, Madan B. Lokur
Judgment text excerpt
The Supreme Court dismissed three special leave petitions under the Motor Vehicles Act concerning compensation for the deaths of Alok Jain, Kalpana Jain, and A.P. Jain. The Court held that variations in compensation within permissible limits, as established in National Insurance Co. Ltd. v. Pranay Sethi, do not warrant interference. The Court adjusted the compensation for A.P. Jain, reducing it to Rs. 9,81,250 with interest, citing the need for a 50% deduction due to the claimants' financial independence.