CHAIRMAN, NEYVELI LIGNITE CORPN. LTD. vs C. GOVINDA PADAYACHI

The Supreme Court addressed the compensation rates for land acquisition under the Land Acquisition Act, 1894, specifically referencing Section 4(1). The Court modified the compensation awarded by the High Court, establishing new rates for various types of land, including Rs.94,000 per acre for wetlands and Rs.73,000 per acre for house sites, inclusive of solatium and interest. The Court held that these rates would apply only to the current cases and would not affect previously settled cases.