Summary
- The Madras High Court has ruled that landowners are entitled to 9% interest on delayed compensation for the acquisition of their properties for Coimbatore Airport expansion.
- The court examined a series of writ petitions regarding prolonged non-payment of lease rent and compensation, highlighting issues under the Tamil Nadu Acquisition of Land for Industrial Purposes Act, 1997.
- It emphasized that negotiated settlements are binding and cannot be reopened for additional claims, while also directing the government to disburse compensation within one month.
- This ruling underscores the importance of timely compensation in land acquisition cases, balancing public interest with landowners' rights.
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