The Motor Accident Claims Tribunal, presided by S C Malik, asked ICICI Lombard General Insurance Company Ltd, which had insured the car, and the vehicle's owner and driver to pay Rs 17.48 lakh to the family members of Ghaziabad resident Rajinder Prasad.
Prasad, who was working in the customs department at IGI Airport, died after the accident.
The tribunal held the insurance company and owner and the driver of the offending vehicle "jointly and severally" liable to make the payment.
In its order, however, the court added that no amount of money could compensate the loss of a person's life.
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It noted that Prasad had left behind his wife, an old aged father, one son and three daughters.
"No amount of money can wipe the tears, the trauma of the petitioners and the feeling that petitioners must be feeling each day having lost their husband and father. The trauma is for the lifetime," the court said.
Prasad fell down on the road, received injuries and died later.
The family members of the deceased had approached the court seeking compensation of Rs 50 lakh.
In their written submission before the court, the driver and the owner of the car, however, had denied any kind of rashness and negligence.