U O I vs CHAIN SINGH

The Supreme Court upheld the compensation determined by the Arbitrator under Section 8 of the Jammu and Kashmir Requisition and Acquisition of Immovable Property Act, which was set at Rs. 70,000 per kanal. The Court reiterated that under Section 8(3), compensation should reflect the market value of the property as if it had not been requisitioned, emphasizing the importance of existing conditions at the time of acquisition. The Court confirmed that the Arbitrator's decision was just and in accordance with established legal principles regarding compensation for acquired property.