When the amount of such compensation is not paid or deposited on or before taking possession of the land, the prescribed authority shall pay the amount with interest thereon at the rate of four percent, per annum from the time of so taking possession until it shall have been so paid or deposited and such interest shall be paid or deposited by the prescribed authority in the same manner as provide for the amount of compensation.
Section 25: Payment of interest
Tamil Nadu Slum Areas (Improvement and Clearance Act,1971)State Act of Tamil Nadu · Act 1 of 1971
Where this provision sits
| Act | Tamil Nadu Slum Areas (Improvement and Clearance Act,1971) |
|---|---|
| Section | 25 |
| Marginal note | Payment of interest |
| Jurisdiction | State of Tamil Nadu |
| Status | In force as published by the source |
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