The Motor Accident Claims Tribunal (MACT) has granted a compensation of Rs 37.5 lakh to the family of a 23-year-old man who was killed in a road accident in Maharashtra's Thane eight years ago.

Thane MACT chairman Abhay J Mantri directed the two respondents Ravindra Mahadev Chavan, owner of the offending tempo, and Reliance General Insurance Co. Ltd to jointly and severally pay the compensation with 7.50 per cent per annum interest from the date of filing of the application within a period of one month of the order.