By the Court.—Heard learned counsel for parties.

2. Both these appeals have arisen from award dated 15th September, 1994, passed by Sri V.K. Jain, District Judge, Bulandshahr in Land Acquisition Reference No. 153 of 1989 and 155 of 1989, whereby it has determined market value of acquired land for the purpose of payment of compensation to the land owners/tenure holders at the rate of Rs. 75/- per square yard. Since common questions are involved in both matters, same have been taken up together and are being decided by this common judgment.

3. The State Government issued notification for acquisition of land in Village - Chola, Pargana and Tehsil - Sikandrabad, District - Bulandshahr under Section 4 (1) of Land Acquisition Act, 1894 (hereinafter referred to as ‘Act, 1894’), on 6.10.1988, for the purpose of appellant company, which is a public limited company, promoted by the Central Government for indeginous production of oral Polio Vaccine. It was incorporated as Government of India Undertaking under the provisions of Companies Act, 1956. It proposed to acquire 37-7-10, i