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Showing contexts for: section 34 LA Act in Bhupender Kumar Jain vs Union Of India on 28 August, 2015Matching Fragments
42. The petitioners have also claimed interest, as per law.
According to the award, 12% interest was allowed on the market value, fixed by the LAC U/s 23(1)A of LA Act, 1894 from the date of notification U/s 4 of Act (10.06.2002) till the date of possession i.e. 12.03.2004. Accordingly, the same is also allowed on the present market value, fixed as above.
43. According to the award, interest U/s 34 of LA Act, 1894 was also allowed observing that MCD had taken the land on 12.03.2004 and as such petitioner is entitled to LAC Nos.13/1/08/06, 28/1/08/06, 19/1/08/06, 18/1/08/06 & 16/1/08/08 interest on the balance amount, as per section 34 of LA Act, 1894 @ 9% per annum from the date of possession i.e. 12.03.2004 to the date of payment. The same is also allowed on the enhanced market value of the land in question, as determined above.
44. The above reliefs are subject to the deductions of compensation / solatium / additional benefits / interest U/s 34 of LA Act, 1894, which have already been received by the petitioners, as were fixed by the LAC vide Award No. 15/DC(East)/200405/East announced on dated 06.09.2004.
45. File be consigned to record room.
46. Copy of this judgment be sent to the LAC, East for compliance.
Announced in the open Court on 28.08.2015 ( Virender Kumar Goyal ) Additional District Judge01 (East)/KKD/Delhi / 28.08.15 LAC Nos.13/1/08/06, 28/1/08/06, 19/1/08/06, 18/1/08/06 & 16/1/08/08