Supreme Court · 2011 INSC 685 · Decided 14 September 2011
Kerala State Housing Board & ORS. v. Kerala State Housing Board, Nellikode Housing Colony Allottees ASSN. & ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 685 · [2011] 11 S.C.R. 390
- Case number
- CIVIL APPEAL No. 7835/2011
- Decided
- 14 September 2011
- Bench
- R.V. RAVEENDRAN, A.K. PATNAIK (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Land Acquisition: Interest on differential amount betweef/ tentative price and final price - Land acquired - Reference for enhancement of compensation pending - Sale deed in favour of allottees with stipulation to pay differential final D price and to pay interest @ 15% on differential amount within 30 days of demand notice - Enhanced compensation deposited in 1997 - Demand notice served in 1999 - Claim for 15% interest - HELD: Interest till the date of deposit in 1997 would be payable@ 15%, and thereafter 8% - It is not
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