Union Of India (Uoi) vs Ka Helimon Diengdoh And Anr. on 12 November, 2002
30. The land acquired was taken possession by the Collector on 6.2.1970 and the awarded amount of Rs. 23,71,097.60p was paid to the claimants/respondents on 22.1.1975 without interests. The claimant/ respondents are, therefore, entitled to an interest at 6% on the above amount as per provisions of Section 34 of the Act. Section 28 of the amended Act provides for payment of interest on the excess compensation. This section provides that the rate of interest shall be 9% for a period of 1 year from the date of taking over possession of the land acquired and if the amount is not paid with 1 year, the interest at the rate of 15% P.A. is payable as per law laid down by the Apex Court in case of Manipur Tea Co. (Pvt.) Ltd. v. Collector of Hailakandi (supra). We, accordingly, award interest at the rate of 9% on the excess compensation with effect from 6.2.1970 for a period of 1 year and thereafter at the rate of 15% till the excess compensation is deposited in the court.