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Supreme Court of India 2016-09-19 partly_allowed

Ravi Prakash Sharma vs State of U.P.& Ors

Bench: 2 — Kurian

In Brief

This case concerns enhancement of land compensation under the Land Acquisition Act, 1894. The appellant sought higher compensation than awarded by the High Court. The Supreme Court held that because comparable market values established in similar finalized cases were lower than the High Court's award, no further enhancement was warranted. However, the Court corrected the interest rate: the Reference Court had awarded 12% per annum, but the correct statutory rate under Section 28 is 9% for the first year from dispossession and 15% thereafter until payment, applicable to the enhanced compensation including solatium."

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Land Acquisition Compensation Interest

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