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Issues involved: Determination of fair market value for acquired agricultural lands, consideration of settlement in Lok Adalat for valuation, application of legal principles for compensation calculation.
Summary: Issue 1: Determination of fair market value The appellants owned agricultural lands in New Delhi, subject to acquisition by the Union of India. The Land Acquisition Collector categorized the lands into three groups and fixed market values. The appellants sought enhancement of compensation, leading to the Reference Court assessing the fair market value higher. The High Court, however, determined a different value based on various factors including location, development potential, and land quality. Issue 2: Settlement in Lok Adalat A contention was raised regarding a Lok Adalat settlement where the market value of similar land was fixed at a certain amount. The High Court considered this settlement but ultimately based its decision on legal principles established by previous court judgments. The settlement was not considered a valid basis for determining fair market value due to lack of detailed particulars and similarity assessment of the lands involved. Issue 3: Application of legal principles The Supreme Court emphasized the importance of considering various factors such as land location, development potential, and positive/negative aspects while determining fair market value. Legal precedents highlighted the need for a thorough evaluation based on established principles rather than relying solely on settlements or agreements. The Court dismissed the appeals, affirming the High Court's decision based on legal principles and lack of appeal information from a related case. In conclusion, the Supreme Court upheld the High Court's decision on fair market value determination for the acquired lands, emphasizing the significance of legal principles over settlements like the one in Lok Adalat. The judgment highlighted the complex factors involved in assessing compensation for land acquisition, underscoring the need for a comprehensive evaluation based on established legal norms.
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