Method of Calculating Compensation in Vehicle Accidents
The key judgments in regard to fixation of compensation in motor vehicle accident cases are:
Sarla Verma v Delhi Transport Corporation & Anr
Reshma Kumari & Ors v Madan Mohan & Anr
National Insurance Co. Ltd. v Pranay Sethi & Ors
The Pranay Sethi case was heard by a five-judge bench of the SC. The judgement laid down some broad guidelines for assessing the amount of compensation to be paid to the accident victims in areas where there were divergent approaches.