M/S. Ahad Brothers vs State Of M.P. & Anr

The Supreme Court addressed the valuation of land acquired under the Land Acquisition Act, 1894, specifically under Section 4(1) and Section 18. The Court held that the market value of the land must be determined based on the prevailing rates at the time of notification, emphasizing the need for accurate assessment of ownership rights. The Court ultimately upheld the High Court's decision to fix the market value at Rs.2/- per square yard, while dismissing the appellant's claim for higher compensation.