The tribunal directed the New India Assurance Company Ltd, insurer of the offending vehicle, to pay Rs 20,77,048 to the family members of Amit Sharma, who died in September 2012.
"It is settled law that the term rashness and negligence has to be construed lightly while making a decision on a petition for claim for the same as compared to the word rashness and negligence as finds mention in the Indian Penal Code," MACT presiding officer Sanjeev Kumar Singh said.
The petition filed by the victim's family said that on September 5, 2012, Amit was going from his house in Gokal Pur village to Nehru Place on his bike when a speeding bus hit him from behind.
As a result of this, the deceased sustained serious injuries and died on the spot.
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The family members of Amit, who was self employed, had claimed a compensation of Rs 20 lakh.
Haryana Roadways did not file any statement.