CENTRAL COAL FIELDS LTD. ETC. versus BHUBANESWAR SINGH & ORS.

Value of stock of coking coal as on April 30, 1972 must be taken into account in the statement of accounts for determining compensation to the owner under s.21(2) of the Coking Coal Mines (Nationalisation) Act, 1971; balance-sheet must reflect stock-in-trade as per normal commercial practice.

Parties: Appellant: Central Coal Fields Ltd.; Appellant: Bharat Coking Coal Ltd.; Respondent: Bhubaneswar Singh; Respondent: D. Goburdhan
Jurisdiction: India
Judgment Date: 23 August 1984
Procedural Posture: Civil Appeal / Appeal From High Court Judgment
Outcome: Appeals dismissed with costs.
Legal Topics: Coking Coal Mines Nationalisation, Compensation, Commercial Accounting

Constitutional Law Nationalisation Commercial Law Coking Coal Mines Nationalisation Compensation Commercial Accounting

Case Brief

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Full judgment text Legal principles 2 Authorities cited 5 Party arguments 2 Amounts and remedies 7

Parties

Central Coal Fields Ltd.

Appellant

Bharat Coking Coal Ltd.

Appellant

Bhubaneswar Singh

Respondent

D. Goburdhan

Respondent

Procedural Posture

Civil Appeal / Appeal From High Court Judgment

Legal Issues

1 Whether value of stock of coking coal as on April 30, 1972 should be taken into account for determining compensation under s.21(2) of the Coking Coal Mines (Nationalisation) Act, 1971

Ratio Decidendi

Court Disposition

Appeals dismissed with costs.

Orders

Consolidated hearing fee assessed at Rs. 10,000.
Accounts to be recast and payments to be made on the basis of recast accounts, including value of coal stock as on April 30, 1972.