THE HON'BLE MR JUSTICE GHULAM MOHAMMED and THE HON'BLE MR JUSTICE G.BHAVANI PRASAD L.A.A.S.Nos.602 of 2005 and 459 of 2007 COMMON JUDGMENT: (Per Sri Justice Ghulam Mohammed, J) Both these appeals are filed under Section 54 of the Land Acquisition Act, 1894 (for short ‘the Act’), against the judgment and decree dated 24.11.2004 in O.P.No.53 of 2002 on the file of the Senior Civil Judge, Peddapalli. 2. As per the draft Notification under Section 4(1) of the Act dated 24.02.1989, the respondent-Singareni Collieries Company Ltd., Godavarikhani, had acquired the land to an extent of Ac.19.24 guntas out of Ac.970-09 guntas, situated at Lingapur Village of Ramagundam Mandal of Karimnagar District. The Land Acquisition Officer, after following due procedure, fixed the market value at the rate of Rs.12,200/- per acre for the acquired land under the award proceeding No.B1/293/93, dated 17.04.1998. Aggrieved by the same, the claimants sought for a reference under Section 18 of the Act, claiming higher compensation and it was taken on file by the learned Senior Civil Judge, Peddapalli as O.P.No.53 of 2002, wherein the market value of the acquired land was enhanced from Rs.12,200/- to Rs.40,000/- per acre with all statutory benefits vide judgment dated 24.11.2004. Aggrieved by the same, the claimants and the respondent company preferred appeals being LAAS No.602 of 2005 and 459 of 2007 respectively. 3. In LAAS No.459 of 2007, this Court granted interim stay on 18.06.2007 on condition that the respondent-company deposits half of the enhanced amount with all statutory benefits, as directed by the lower Court, within a period of six weeks from that date and accordingly, the respondent company had deposited an amount of Rs.13,13,378/- on 27.07.2007 before the Reference Court. 4. When the matter came up for hearing, the learned counsel placed before this Court a memo of compromise signed by the claimants and the respondents and also the witnesses. As per the said memo, the parties have agreed for full and final settlement of their claim with the following terms: 1. The market value be enhanced to Rs.47,500/- 2. the respondent-claimants are entitled to 30% solatium, additional market value @ 12% per annum on the enhanced market value from the date of Draft Notification to the date of possession. 3. The respondent claimants are entitled to 9% interest per annum from the date of taking possession for the first year and @ 15% interest per annum till the date of deposit of the enhanced compensation i.e., compensation calculated at Rs.47,500/- minus already deposited compensation of Rs.40,000/-per acre as market value. 4. Both the parties agree to file this memo of settlement in LAAS Nos.459 of 2007 and 602 of 2005 for full and final settlement. 5. Accordingly, both the appeals are disposed of in terms of the compromise. No order as to costs. _____________________ GHULAM MOHAMMED,J _____________________ G. BHAVANI PRASAD, J Date:03.02.2010. sj