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Supreme Court of India 2020-12-18 allowed

Nayara Energy Limited vs State of Gujarat and others

Bench: 3 — <UNKNOWN>, <UNKNOWN>, <UNKNOWN>

In Brief

Nayara Energy Limited challenged the High Court's interim order regarding withdrawal of enhanced land compensation. The lands in question had been acquired in 1996, and a Reference Court later enhanced the compensation amount. The Supreme Court balanced the interests of original claimants—who had waited decades and could not furnish security—against those of other parties. It allowed the appeals and permitted original claimants to withdraw 25% of the enhanced compensation without security, while directing investment of the remaining 75% in a nationalised bank fixed deposit earning cumulative interest, thereby protecting all parties' interests.

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Land Acquisition Compensation Constitutional Law

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