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In a landmark decision, the Bengal government has been ordered to pay Tata Motors a substantial sum of ₹765.78 crore, along with 11% interest from September 2016. The ruling comes from a unanimous decision by a three-member Arbitral Tribunal, concluding a long-standing legal battle over the closure of Tata Motors' Nano factory in Singur.
The Arbitral Tribunal's decision, issued on October 30, 2023, resolves the dispute in favor of Tata Motors, allowing the company to recover the specified amount from the West Bengal Industrial Development Corporation (WBIDC). The ruling also orders WBIDC to pay ₹1 crore towards the cost of the proceedings, marking a significant development in this legal saga.
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सिंगुर भूमि मामले में टाटा की बड़ी जीत, देखए ताज़ा टीवी पर | LIVE https://t.co/m7W5ENFOEr
— Taaza TV (@taazatv) October 30, 2023
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West Bengal
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