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Supreme Court Allows Insurer's Appeal in Insurance Claim Dispute Over Depreciation Rate for Fire-Damaged Machinery. Court Holds That Insured's Failure to Reinstate Damaged Property Within Extended Time Renders Reinstatement Value Clause Inoperative, Entitling Only Market Value on Depreciation Basis.

The dispute arose from a fire accident on 12.12.1998 that destroyed the '20 Hi Cold Rolling Mill' of the insured, M/s Bhushan Steel and Strips Ltd (la...

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High Court of Karnataka Enhances Compensation for Land Acquisition for Minor Irrigation Tank — Market Value Determined at Rs. 1,50,000 per Acre with 30% Solatium and 12% Additional Market Value. Comparable Sales Method Applied Under Section 23 of Land Acquisition Act, 1894 to Fix Enhanced Compensation.

The appellants, whose land was acquired for construction of a minor irrigation tank, challenged the judgment and award of the Reference Court dated 18...

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Bombay High Court Allows Appeal in Land Acquisition Case — Market Value Enhanced for Agricultural Land with Potential. Land situated near village and road held to have non-agricultural potential, warranting higher compensation under Section 23 of Land Acquisition Act, 1894.

The appellant, Pramod Sadashiv Khodke, owned agricultural land bearing Gat No.82, area 4.31 hectares, situated at village Kohli, Taluka Babhulgaon, Di...

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Bombay High Court Partially Allows Land Owner's Appeal and Dismisses State's Appeal in Land Acquisition Compensation Case — Market Value Assessed at Rs. 5 per sq. ft. with 25% Development Deduction. Severance Damages Upheld for Un-cultivable Small Pieces of Land.

The case involves two cross-appeals arising from a land acquisition matter. The land owner, Vishnu s/o Narayan Belgumwar, owned land Gat No.62 area 1....