C.W.P. No.21034 of 2010 -1- IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P. No.21034 of 2010 Date of Decision.16.11.2011 Cholamandlam General Insurance Company Ltd. .....Petitioner Versus Permanent Lok Adalat (Public Utility Services), Gurgaon Haryana through its Presiding Officer and another .....Respondents Present: Ms. Vandana Malhotra, Advocate for the petitioner. Mr. Sandeep Sharma, Advocate for respondent No.2. CORAM:HON'BLE MR. JUSTICE K. KANNAN 1. Whether Reporters of local papers may be allowed to see the judgment ? No 2. To be referred to the Reporters or not ? No 3. Whether the judgment should be reported in the Digest? No -.- K. KANNAN J.(ORAL) 1. The only point on which the notice has been issued by this Court already was the issue of depreciation which the insurance company was entitled to allow for before making the compensation. The insured value of the vehicle was Rs.5,25,000/- on the date of insurance on 29.09.2008 and the vehicle appears to have been stolen on 10.07.2009. For 10 months, the counsel argues that the depreciation should be at least 10% of the value declared. Learned counsel for the respondent would rely on a judgment of the Hon'ble Supreme Court in Dharmendra Goel Vs. Oriental Insurance Co. Ltd. 2008(4) RCR (Civil) 108 where for 7 month old vehicle, the Court had allowed for depreciation of only Rs.10,000/-. I would allow for a depreciation of Rs.25,000/- for the vehicle and hold the compensation payable by the C.W.P. No.21034 of 2010 -2- petitioner shall be Rs.5 lacs. 2. The only modification, therefore, shall be reducing the amount from Rs.5,25,000/- to Rs.5 lacs and the insurance company will be liable to such sum. 3. The writ petition is ordered with such modification as referred to above. (K. KANNAN) JUDGE November 16, 2011 Pankaj*