Land Acquisition Act, 1894 – Section 4(1) – Determination of fair market value – The appellants, land losers, sought enhanced compensation for their lands acquired for the Hippargi Barrage project in 2007 – The initial compensation was Rs.1,31,263 per acre – The main issue was the determination of fair market value for the acquired irrigated lands – The appellants argued for compensation at the rate of Rs.5,00,000 per acre, citing a precedent where the High Court awarded this amount for similar lands – The respondent contended that the High Court erred in interpreting an affidavit related to a different acquisition in 2009, where Rs.5,00,000 per acre was awarded – The Supreme Court modified the High Court’s order, fixing the market value at Rs.4,50,000 per acre with all statutory benefits, but upheld the denial of interest for delay in filing cross-objections – The Court considered the market value agreed upon for lands acquired in 2004-2005 and applied an escalation rate to determine the compensation for the appellants’ lands acquired in 2007 – The appeals were allowed in part, setting a new compensation rate, with the order not to be treated as a precedent.
2024 INSC 386 SUPREME COURT OF INDIA DIVISION BENCH SHRIPAL AND ANOTHER — Appellant Vs. KARNATAKA NERAVARI NIGAM LTD. AND ANOTHER — Respondent ( Before : B.R. Gavai and Sandeep…


