Supreme Court of India · 2010-12-01
Gujarat Housing Board Etc vs Ramanbhai Motibhai Patel & Ors Etc
- Court
- Supreme Court of India
- Petitioner
- Gujarat Housing Board Etc
- Respondent
- Ramanbhai Motibhai Patel & Ors Etc
- Bench
- H.L. Gokhale, Dalveer Bhandari
Judgment text excerpt
The Supreme Court upheld the High Court's decision to grant compensation for land acquisition at the rate of Rs.8.15 per sq. foot with an interest of 9% per annum, emphasizing the appellant's obligation to pay the outstanding compensation from 1973. The Court directed that if the balance amount is not paid within two months, the interest rate would increase to 12% per annum. The appeal was disposed of with no order as to costs.