FIR Online, download legal format. IPC, CPC, CrPC, IP, NI, CP Act

Section 71 Costs, Section 72 Collector may be directed to pay interest on excess compensation - The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013

Costs and Collector may be directed to pay interest on excess compensation - Section 71 and 72 of Land Acquisition Act 2013

 

 

Costs and Collector may be directed to pay interest on excess compensation are defined under section 71 and 72 of Land Acquisition Act 2013. Provisions under these Sections are:

 

Section 71 of Land Acquisition Act 2013 "Costs"

(1) Every such award shall also state the amount of costs incurred in the proceeding under this Chapter, and by what persons and in what proportions they are to be paid.

(2) When the award of the Collector is not upheld, the cost shall ordinarily be paid by the Collector unless the Authority concerned is of the opinion that the claim of the applicant was so extravagant or that he was so negligent in putting his case before the Collector that some deduction from his costs should be made or that he should pay a part of the Collector's costs.

 

Section 72 of Land Acquisition Act 2013 "Collector may be directed to pay interest on excess compensation"

If the sum, which in the opinion of the Authority concerned, the Collector ought to have awarded as compensation is in excess of the sum which the Collector did award as compensation, the award of the Authority concerned may direct that the Collector shall pay interest on such excess at the rate of nine per cent per annum from the date on which he took possession of the land to the date of payment of such excess into Authority:

Provided that the award of the Authority concerned may also direct that where such excess or any pan thereof is paid to the Authority after the date or expiry of a period of one year from the date on which possession is taken, interest at the rate of fifteen per cent per annum shall be payable from the date of expiry of the said period of one year on the amount of such excess or part thereof which has not been paid into Authority before the date of such expiry.

 

Home    About Us     Privacy Policy     Disclaimer      Sitemap