Singur land row: SC notice to Tata Motors
Shares of Industrial Finance Corporation of India (IFCI) plunged on Friday after the government exercised the option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI, told NDTV Profit that the
The Supreme Court on Friday sought response of Tata Motors on a special leave petition filed by the West Bengal government challenging the quashing of the Singur Land Acquisition Act by the state high court.
A bench of justices H L Dattu and C K Prasad, however, said that the Calcutta High Court's interim order which had stated that the state need not part with the land for two months to allow it file its appeal, would continue.
The West Bengal government had moved the apex court against the high court order, which had struck down the Singur Land Acquisition Act that allowed the state government to reclaim 400 acres of land given to Tata Motors.
In its appeal, filed through advocate Abhijit Sen Gupta, the state government had said the high court has erred in quashing the Act.
