Bare ActsThe TAMIL NADU SLUM AREAS (IMPROVEMENT AND CLEARANCE ACT,1971)

Section 25

Payment of interest

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

Payment of interest.- When the amount of such compensation is not paid or deposited on or before taking possession of the land, the prescribed authority shall pay the amount with interest thereon at the rate of four percent, per annum from the time of so taking possession until it shall have been so paid or deposited and such interest shall be paid or deposited by the prescribed authority in the same manner as provide for the amount of compensation.

Section 25 – The TAMIL NADU SLUM AREAS (IMPROVEMENT AND CLEARANCE ACT,1971) | DailyLaw.ai