Act Number: 20

Act Name: The Coal Bearing Areas (Acquisition and Development) Act, 1957

Year: 1957

Enactment Date: 1957-06-08

Long Title: An Act to establish in the economic interest of India greater public control over the coal mining industry and its development by providing for the acquisition by the State of unworked land containing or likely to contain coal deposits or of rights in or over such land, for the extinguishment or modification of such rights accruing by virtue of any agreement, lease, licence or otherwise, and for matters connected therewith.

Ministry: Ministry of Coal

Department:

Section 16: Interest on awards.
    If the sum which in the opinion of the Tribunal ought to have been awarded as compensation is in excess of the sum which the Central Government has stated to be a fair amount of compensation, the award of the Tribunal may direct that the Central Government shall pay interest on such excess at the rate of five per centum per annum from the date on which it became payable to the date of payment of such excess.
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