When the amount of such compensation is not paid or deposited on or before taking possession of the land, the State Government shall pay the amount of compensation determined with interest thereon at the rate of four per cent per annum from the time of so taking possession until it shall have been so paid or deposited.
Section 38: Payment of interest.
The Maharashtra Industrial Development Act, 1961.State Act of Maharashtra · Act 3 of 1962
Where this provision sits
| Act | The Maharashtra Industrial Development Act, 1961. |
|---|---|
| Section | 38 |
| Marginal note | Payment of interest. |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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