Supreme Court of India · 2010-10-22
Chimanlal Kuberdas Modi(D) By Lrs vs Gujarat Industrial Development ...
- Court
- Supreme Court of India
- Petitioner
- Chimanlal Kuberdas Modi(D) By Lrs
- Respondent
- Gujarat Industrial Development ...
- Author
- Mukundakam Sharma
- Bench
- Anil R. Dave, Mukundakam Sharma
Judgment text excerpt
The Supreme Court ruled that under Section 34 of the Land Acquisition Act, 1894, the appellant is entitled to interest on the solatium awarded for the compensation, as clarified in Sunder Vs. Union of India and Gurpreet Singh Vs. Union of India. The Court held that the interest should be calculated at 9% for the first year and 15% thereafter, affirming the Reference Court's decree regarding the compensation and interest. The judgment emphasized the entitlement to interest on the solatium amount as part of the compensation process.