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Section 4: Cancellation of allotments and refund of the deposits made by allotees/ applicants, with the Board along with interest

Bihar Urban Planning and Development Act, 2012State Act of Bihar · Act 20 of 2012

The Board may cancel the allotment/allotments made over the acquired land under the Bihar State Housing Board (Management and Disposal of Housing Estates) Regulation, 1983 framed under the Bihar State Housing Board Act, 1982 and make refund of the deposits made by such allottees/applicants along with compound interest @ 8% per annum from the date of its deposit till the date of refund,

Provided that any allottee of the plot of land forming part of acquired land, who have accepted refund from the Board prior to enforcement of this Act shall have no claim for any additional amount.

Where this provision sits

ActBihar Urban Planning and Development Act, 2012
Section4
Marginal noteCancellation of allotments and refund of the deposits made by allotees/ applicants, with the Board along with interest
JurisdictionState of Bihar
StatusIn force as published by the source

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