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UWe were awarded compensation for our land and building under land acquisition. However, the initial award was too low, so we contested it without withdrawing the sanctioned amount. After contesting, we received a revised award with a higher rate.
Now, the authorities are refusing to pay 9% interest (under Section 34 of the Land Acquisition Act) on the amount that was initially sanctioned, claiming that since it was “sanctioned” (even though we didn’t withdraw it), no interest is payable on that portion. They are only offering 9% interest on the enhanced land value minus the original award and are denying interest on the compensation for the building as well.
Since we never took the money and it remained with them until the revised award, shouldn’t we be entitled to 9% interest on the entire amount (including the original award and building compensation) from the due date until payment? Are there any legal precedents or case laws that confirm this? Anyone faced anything similar?
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