Overview

• The Motor Accident Claims Tribunal (MACT) in Thane awarded ₹16 lakh compensation to the family of Tatu Ganpat Gaikar, who died in a 2017 motorcycle collision.
• The tribunal found the rash driving of a four-wheeler to be the cause of the accident, despite the driver lacking a valid licence and breaching policy terms.
• The insurer, Bajaj Allianz, was directed to deposit the compensation with 8% annual interest within one month from the petition's filing date.
• The compensation will be divided between Gaikar's widow and son, with significant portions placed in fixed deposits for five years to ensure financial security.
• Bajaj Allianz retains the right to recover the compensation amount from the vehicle's owner as per the tribunal's ruling.