Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971
← Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971
V — ACQUISITION OF LAND · Section 21

Payment of interest

Not yet verified with the latest version of the bare act.
Text as per India Code

When the amount of compensation is not paid or deposited on or before taking possession of the land the Competent Authority on behalf of the State Government shall pay the amount of compensation determined with interest thereon from the time of so taking possession until the amount shall have been so paid or deposited at such rate (not being less than 4 per cent. per annum) as the State Government may by order fix.

[PROTECTION OF OCCUPIERS IN SLUM AREAS FROM EVICTION AND DISTRESS WARRANTS]

Judgments on Section 21