Supreme Court of India
Oriental Gas Co. Ltd. & Ors. v. State of West Bengal
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What the Court ordered
We are of the view that the period chosen is. fair to the Company.
Judgment, page 25
From the headnote
Oriental Gas Company Act, 1970-s. 8(1) (b) Capitalisation of net income for determining compensation payable-Validity of-Principles for determining compensation payable on acquisition of Public Utility Undertakings discussed. In 1958, the Government of West Bengal, being of the view thM the appel· !ant company which enjoyed a monopoly in the supply of gas in Calcutta was negligent in looking after the interest of the consun1ers appointed a Committee to enquire into the unsatisfactory condition of supply of gas in Calcutta and to suggest remedial measures, including valuation of the Under·
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