Bare ActsThe Kelavarapalli Reservoir Scheme (Acquisition of Land) Act, 1987

Section 20

Prescribed authority may be directed to pay interest on excess co~~zpen,surion

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

Prescribed authority may be directed to pay interest on excess co~~zpen,surion.- -If thc amount which, in the opinion of the court, the prescribed authority ought to have awarded as compensation is in excess of the amount which the prescribed authority did award as compensation, the award of the court may direct that the prescribed . , authority shall yay iiltcrest on such excess at the rate of nine per centw per annum for the period of one year $om the date ot taking possession of the scheduled lands and at the rate of fifteen per centum per annul11 'ram the dalc oI cxpiry o l the said period of one ycar until t h ~ amount of such cxcess or part illcrcol has been deposited into court.

Section 20 – The Kelavarapalli Reservoir Scheme (Acquisition of Land) Act, 1987 | DailyLaw.ai