Supreme Court of India
M/s Jk Paper Ltd v. Bipinchandra Natwarlal Shah
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.
What the Court ordered
We are of the considered opinion that interests of justice would be sufficiently served if the company is required to deposit an additional amount of Rs.15 crore with the Registrar General of the High Court within 2 (two) months from this date.
Judgment, page 8
In brief
Land at Block No. 207, Village Gunsada, measuring about 1,40,504 sq m (approx. 34.72 acres), was acquired under the Land Acquisition Act, 1894 for the benefit of M/s JK Paper Ltd, with proceedings initiated in 2005. The SLAO valued the land at Rs.124 per sq m; on reference, the Reference Court by award dated 23rd February 2023 enhanced it to Rs.950 per sq m with 12% escalation, 30% solatium and interest at 9% and thereafter 15%.…
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