Following that direction the award has been made thus Accordingly, the award was announced by the Land Acquisition Collector and the respondent was paid as under Compensation for the land Rs.1750.00 Interest 12 on Rs.1750 from Oct. 1972 to 31.3.87 in the nature of equitable companypensation as per order dated 23.7.1986 of Honble High Court.
Notification under Section 4 1 of the Land Acquisition Act, 1894 for short, the Act was published on February 27, 1986 and the Collector passed the award on March 29, 1987.
of the companypensation from October 19, 1972 to March 1987.
v. Special Deputy Collector, Land Acquisition, Hyderabad 1995 3 SCC 208, a bench of three Judges to which one of us B.L. Hansaria, J. was a member, dealt with the power of the Court to grant interest on equitable companysideration and held thus It has also been submitted by Shri Madhava Reddy that higher rate of interest may be ordered to do equity between the parties.
Leave granted.
Dissatisfied therewith, the respondent had filed C.W.P. No.125/86 and the High Court by its order dated July 23, 1986 held that On the amount of companypensation payable to the petitioner in respect of land, interest at the rate of 12 per cent per annum shall be paid from the date of the taking over of possession till the date of payment of interim companypensation and of final companypensation, if there is enhancement.
