Supreme Court of India
Faridabad Gas Power Project, Ntpc Ltd. Etc. v. Om Prakash & Ors. Etc.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
LAND ACQUISITION ACT, 1894: c s.4(1) and 23 - Acquisition of agricultural lands - Compensation - Factors for consideration - Compensation awarded to similarly situated nearby lands - Permissible deduction - Escalation in market value - HELD: Reference court should have deducted 20% from value of adjacent land to determine market value of lands in question, keeping in view its comparable lesser potential, and allowed 7. 5% cumulative increase towards escalation of price - As regards ·-the small piece of land which was surrounded by commercial establishments, the market value fixed by reference
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