The kin of a youth, mowed down by a rashly-driven Blueline bus in 2006, has been given Rs 16.03 lakh as compensation by a road mishap tribunal.
A motor accident claim tribunal directed the bus insurer, New India Assurance Company Ltd, to release Rs 1.03 lakh in favour of the widow of the 26-year-old victim and Rs 2 lakh in favour of his parents.
The tribunal said out of the remaining money, to be released later, a sum of Rs 5 lakh be deposited in a bank in for the victim’s child, who was born a few months after Yadav’s death. This amount would be released to him after the child attains majority, the tribunal said.
“I hereby award an amount of Rs 16,03,664 as compensation with interest at the rate of nine per cent per annum, from May 2006 till realisation of the amount, in favour of the petitioners,”the tribunal said.
The Tribunal reached the compensation amount considering the fact that the victim was earning around Rs 12,000 while working as a sales executive in a private company.
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