Private Negotiations Between Two Govt Agencies For Land Transfer Does Not Determine Its True Market Value
Case: Western Dedicated Freight Corridor Corporation Of India V/S Original Claimants & 3 Other(S)
Coram: Justices Sonia Gokani and Hemant Prachchhak
Case No.: C/FA/1675/2022
Court Observation: “We have to deal with interim award of arbitrator and the decisions of the Civil Court in not interfering with such interim award, in background of such statutory provisions. While doing so, we would also be conscious of the limited scope of the First Appeal against the order of the Civil Court refusing to set aside an arbitral award.”
“Eventually if the final award in any manner is lower than the interim compensation awarded by the arbitrator, serious question of recovery of the Government monies would arise,”
Previous Posts
Second Appeal: Judgment Should Not Be Interfered With By High Court Unless There Is A Substantial Question Of Law, Reiterates Supreme Court Download Judgement
Keywords
Private Negotiations, Land Transfer, Market Value
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