Bare ActsThe Maharashtra Industrial Development Act, 1961.

Section 38

Payment of interest.

Amendment status not verified — confirm the current text below against the official source.

When the amount of such compensation is not paid or deposited on or before taking possession of the land, the State Government shall pay the amount of compensation determined with interest thereon at the rate of four per cent per annum from the time of so taking possession until it shall have been so paid or deposited.

Section 38 – The Maharashtra Industrial Development Act, 1961. | DailyLaw.ai