Yes, as per Section 24 of the 2013 Land Acquisition Act, all acquisition proceedings in which an award was made five or more years prior to the commencement of the new Act shall be deemed to have lapsed if no compensation has been paid or if possession has not been taken.
You say that you have neither received any compensation nor have been made to part with possession, meaning you tick both boxes when you only need to tick one.
Here is Section 24(2):
“2) Notwithstanding anything contained in sub-section (1),
in case of land acquisition proceedings initiated under the
Land Acquisition Act, 1894 (1 of 1894),, where an award
under the said section 11 has been made five years or more
prior to the commencement of this Act but the physical
possession of the land has not been taken or the
compensation has not been paid the said proceedings shall
be deemed to have lapsed and the appropriate Government, if
it so chooses, shall initiate the proceedings of such land
acquisition afresh in accordance with the provisions of
this Act:”
I think you have your answer.