JUDGMENT

Gaurang Kanth, J.

1. In MAC.APP. 925/2014, the Insurance Company and in MAC.APP. 447/2015, the owner of the offending vehicle, are assailing the Award dated 13.08.2014 passed by the Court of Sh. S.C. Malik, Judge, Motor Accident Claims Tribunal, (Central- District), Delhi ("Claims Tribunal") in Suit No. 77/2011 titled as Sh. Surendra Singh Anand v. Smt. Gurvinder Kaur & Ors. ("Impugned Award"), whereby the learned Claims Tribunal awarded an amount of Rs. 33,75,000/- as compensation to the Claimants with an interest @ 9% per annum, from the date of filing the petition, i.e. 07.02.2011, till its realization. Both the Insurer and the Insured (Owner) vide both the appeals are seeking the dismissal of the Impugned Award.

2. The facts germane to both the appeals as noted by the learned Tribunal are hereunder:

"2. Brief facts of this case giving rise to the present claim petition are that as on 18.06.2009 deceased Sh. Amarpreet Singh was coming from Sector 7. Faridabad, Haryana to his house along with his two friends namely Pankaj Yadav and Ishan Bhutani on his Bajaj Discover motorcycle bearing registration No.HR 51 V8639. `When they reached near Prompt Company in front of Shri G