Kolkata, Feb 20 (IANS) Justice Mousumi Bhattacharya of the Calcutta High Court has recused from hearing the case on West Bengal Industrial Development Corporation (WBIDC) challenging the arbitration award to Tata Motors Limited (TML) on account of loss of capital in the investment on the abandoned land at Singur in Hooghly district.
Singur was the erstwhile site for Tata Motors small car Nano project.
Now it is to be seen which new bench will be allotted the case by the Chief Justice of Calcutta High Court.
In October last year a three-member Arbitral Tribunal directed the West Bengal government to pay a compensation of Rest 765.78 crore in addition to an interest at the rate of 11 per cent accrued on it since September 2016 as compensation to the company.
WBIDC moved the Calcutta High Court challenging the decision. However, before the hearing in the matter could begin Justice Bhattacharya, whose bench was allotted the case, recused from hearing.
To recall, after coming to power with a thumping majority in 2006, thethen Buddhadeb Bhattacharjee-led seventh Left Front government had announced the Nano project in Singur by TML. Accordingly, the work for setting up of the factory started there after the state government finished the process of land acquisition for the project.
However, the problem started after a small section of the land-owners refused to accept the compensation cheques and started agitation against the land acquisition. Trinamool Congress and Chief Minister Mamata Banerjee, as the-then principal opposition leader in the state, started a massive agitation in Singur against the land acquisition.
In face of massive agitation finally the Tata Group chairman Ratan Tata withdrew from the Singur, and went to Sanand in Gujarat which became the new site for the Nano project. After coming to power in 2011 ending the 34-year Left Front rule, the first decision of the Mamata Banerjee- led state cabinet was to promulgate a new law for the return of the land at Singur to all the land-owners.
–IANS
src/dpb
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
