Central · Act 20 of 1957

Section 16 — Interest on awards.

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

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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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Next · Section 17Payment of compensation. →All sections / सभी धाराएँThe Coal Bearing Areas (Acquisition and Development) Act, 1957 →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Appointment of competent authority.Section 4 · Preliminary notification respecting intention to prospect for coal in any area and powers of competent authorities thereupon.Section 5 · Effect of notification on prospecting licences and mining leases.Section 6 · Compensation for any necessary damage done under section 4.Section 7 · Power to acquire land or rights in or over land notified under section 4.Section 8 · Objections to acquisition.
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India Code, Government of India. Text fetched 19 Oct 2026. Source metadata reports last modification: 2020-04-06. Check the linked official text and subsequent notifications when applying a provision.

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Section 16 — Interest on awards. | The Coal Bearing Areas (Acquisition and Development) Act, 1957 | NYAYA SIGNAL

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