https://www.taxtmi.com/caselaws?id=234198 A writ petition seeking interest on statutory compensation was maintainable because the claim arose from the State's public law duties and was not a mere suit for recovery of money. The Court also held that Section 26 of the Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 governed interest only for the first twenty years from possession at 3% per annum; the provision was silent on later delay, so equitable principles could justify a higher rate thereafter. Interest was therefore treated as 3% for the initial period and 6% for the subsequent delay until payment. en-us Thu, 20 Jan 2011 00:00:00 +0530 Sat, 01 Jun 2013 05:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234198 A writ petition seeking interest on statutory compensation was maintainable because the claim arose from the State's public law duties and was not a mere suit for recovery of money. The Court also held that Section 26 of the Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 governed interest only for the first twenty years from possession at 3% per annum; the provision was silent on later delay, so equitable principles could justify a higher rate thereafter. Interest was therefore treated as 3% for the initial period and 6% for the subsequent delay until payment. Case-Laws Indian Laws Thu, 20 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234198