LEGAL TRAIN

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Multiplier is the rate used for capitalizing the future benefits in to the present values by discounting the benefits that can arise in future by including the expected risk associated. Under the Land acquisition act, Government can take possession and control of any land from any individual, even without their consent in lieu of some compensation granted to them. It is not that easy to calculate the amount of compensation to be awarded for the land acquired. As it involves various issues. Since it is a forceful transaction thus it has to consider the proper compensation, considering the future benefits to be given to the individual Through Multiplier the amount of compensation, to be granted to the person whose land has been acquired is decided. The multiplier is calculated after analysing the present market value of the property and if in case it is difficult to ascertain the present sale variable then income on the basis of yield is considered which is multiplied by the...

Decree obtained by fraud will be nullity if decreed to be nullified by the court of competent Jurisdiction *In the case of A.V. Papayya Sastry & Ors vs Government Of A.P. & Ors on 7 March, 2007 It is thus settled proposition of law that a judgment, decree or order obtained by playing fraud on the Court, Tribunal or Authority is a nullity and non-est in the eye of law. Such a judgment, decree or order by the first Court or by the final Court has to be treated as nullity by every Court, superior or inferior. It can be challenged in any Court, at any time, in appeal, revision, writ or even in collateral proceedings.  *In S.P. Chengalvaraya Naidu (dead) by LRs. V. Jagannath (dead) by LRs. & Ors. (1994) 1 SCC 1 : JT 1994 (6) SC 331, this Court had an occasion to consider the doctrine of fraud and the effect thereof on the judgment obtained by a party. In that case, one A by a registered deed, relinquished all his rights in the suit property...