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The Maharashtra (Requisitioning and Control) of Motor Vehicles Act, 1965.

Section 6. Payment of compensation.

The compensation determined under the last preceding section for requisitioning any motor vehicle shall be paid within such period, at such intervals and in such manner as may be prescribed : Provided that, where payment of the compensation is delayed beyond the period so prescribed, interest shall be payable on the amount or part of the amount in arrear at such rate not being less than 3 per cent. or above 6 per cent. per annum and with effect from such date or dates as may be prescribed.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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