M/S Indian Oil Corporation Limited v. Sita Ram etc.
Case brief
What is this about?
This order allowed appeals filed by Indian Oil Corporation Ltd. against the Reference Court's award of market value for land acquired for a railway siding. The High Court fixed the market value at Rs.2,67,500 per acre along with a 30% severance charge but denied benefits of other sections for the severance amount. Cross objections by respondents were dismissed.
What did the court decide?
Appeals allowed; market value fixed at Rs.2,67,500 per acre with 30% severance charge; cross objections dismissed.