https://www.taxtmi.com/caselaws?id=199882 The Supreme Court upheld the High Court's finding that the agreement granting monopoly rights to quarry Kacha stone was void. It rejected the State's argument on the applicability of Section 65 of the Contract Act and determined that royalty should be the measure of compensation. The Court approved the calculation of reasonable royalty and compensation by the High Court. The direction for refunding royalty without compensation post-1953 was modified to avoid further litigation. Claims for the years 1948-49 and 1949-50 were deemed time-barred. The Company's appeal was dismissed, and the State's appeal was partially allowed, reducing the refund amount. en-us Fri, 01 Feb 1985 00:00:00 +0530 Wed, 14 Mar 2018 15:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199882 The Supreme Court upheld the High Court's finding that the agreement granting monopoly rights to quarry Kacha stone was void. It rejected the State's argument on the applicability of Section 65 of the Contract Act and determined that royalty should be the measure of compensation. The Court approved the calculation of reasonable royalty and compensation by the High Court. The direction for refunding royalty without compensation post-1953 was modified to avoid further litigation. Claims for the years 1948-49 and 1949-50 were deemed time-barred. The Company's appeal was dismissed, and the State's appeal was partially allowed, reducing the refund amount. Case-Laws Indian Laws Fri, 01 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199882