SURESH KUMAR vs TOWN IMPROVEMENT TRUST, BHOPAL

The Supreme Court addressed the determination of compensation for land acquired under Section 68 of the Madhya Pradesh Town Improvement Trust Act, emphasizing that market value must reflect the land's special value and potential use. The Court held that in the absence of direct evidence of market price, the valuation should consider what a willing vendor would expect from a willing purchaser, factoring in the land's potential for future development. The appeal was partly allowed, enhancing the compensation awarded by the High Court from Rs. 1,84,923 to a higher amount based on these principles.