Acquisition of property with token amount of Rs. 1 compensation was arbitrary & unfair: SC

Anurag Krishna Sinha Vs State of Bihar & Anr. (Supreme Court of India) Conclusion: Deprivation of property must be based on law which is “just, fair and reasonable”, the Supreme Court struck down the Bihar law that allowed the State to take over a historic library for a token compensation of just one rupee, holding that such a provision was “confiscatory” and failed constitutional scrutiny. Held: The case was concerned with the Smt. Radhika Sinha Institute and Sachchidanand Sinha Library established in 1924. The institution was governed by a trust deed (1926), with management ves...