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[Cites 0, Cited by 0] [Section 9] [Entire Act]

State of Meghalaya - Subsection

Section 9(4) in The Shillong Electric Supply Undertaking (Acquisition) Act, 1977

(4)The net amount payable shall bear simple interest at the rates of one per centum over the average of the Reserve Bank rates between the vesting date and the date of payment or tender of payment:Provided that no interest shall be payable during any extension of time granted under the proviso to sub-section (3).