G.M., Oil & Natural Gas Corporation Ltd vs Rameshbhai Jivanbhai Patel & Anr

The Supreme Court upheld the Reference Court's determination of the market value of acquired lands at Rs. 17.10 per sq.m, based on previous awards under Section 23 of the Land Acquisition Act. The Court found that the Reference Court correctly applied a cumulative increase of 10% per annum over six and a half years, despite the appellant's claims of errors in calculation and reliance on awards from neighboring villages. The High Court's dismissal of the appellant's challenge was affirmed, confirming the market value determination and additional compensation under Sections 23(1A) and 23(2) of the Act.