Headline
The Supreme Court of India holds Jaiprakash Associates in Cement Project Case liable for ₹3.05 Crore Land Compensation.
Summary
The Supreme Court of India ordered that Jaiprakash Associates Ltd (JAL) must pay ₹3.05 crore in supplementary compensation to the landowners whose land was occupied for a cement project safety zone. The liability remained with Jaiprakash Associates Ltd (JAL) despite in 2027,the transfer of the project to Ultratech Cement Ltd.
Key Facts
- Case Name: M/s. Ultra-Tech Cement Ltd v. Mast Ram and Anr.
- Judges Name: Justice JB Pardiwala and Justice Manoj Misra
- In 2008, the land was acquired for a safety zone in Jaiprakash Associates Ltd (JAL) cement project.
- In 2018,Jaiprakash Associates Ltd (JAL) paid an initial ₹10.77 crore but failed to pay the supplementary amount of ₹3.05 crore.
- The Supreme Court of India ruled JAL responsible as the acquisition began before its transfer to Ultra-Tech.
Legal Insights
The Supreme Court of India shed light that Jaiprakash Associates Ltd(JAL) under the Scheme of Arrangement ,retained liability for land compensation, as the acquisition procedure began before the transfer of the project.
Impact
This ruling of the Supreme Court of India confirms that the liabilities under pending acquisition proceedings will remain with the original company unless explicitly transferred.
Why It Matters
It showcases accountability in land acquisition cases, by making sure that the landowners are compensated properly in a fair manner, regardless of corporate transfers.
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