JUDGMENT :

Sudeepti Sharma, J.

The present appeal has been preferred against the award dated 13.10.2006 passed in the claim petition filed under Section 166 of the Motor Vehicles Act, 1988 by the learned Motor Accident Claims Tribunal, Chandigarh (for short, 'the Tribunal') for enhancement of compensation granted to the claimants to the tune of Rs.5,50,000/- along with interest @ 7.5% per annum, on account of death of Ajaib Singh in a Motor Vehicular Accident, occurred on 30.11.2004.

2. As sole issue for determination in the present appeal is confined to quantum of compensation awarded by the learned Tribunal, a detailed narration of the facts of the case are not reproduced for the sake of brevity.

SUBMISSIONS OF LEARNED COUNSEL FOR THE PARTIES

3. The learned counsel for the claimants-appellants contends that the amount assessed by the learned Tribunal is on the lower side and deserves to be enhanced. Therefore, she prays that the present appeal be allowed and compensation should be enhanced as per latest law.

4. Per contra, learned counsel for the respondent-Insurance Company, however, vehemently argues that the award has rightly been passed and the amount of compensation, as assessed b