Tata Dues: West Bengal CM Mamata Banerjee on Tuesday held a meeting with the state law minister Moloy Ghatak and other legal aides to decide on the mode of appeal against an arbitration panel order directing the West Bengal Industrial Development Corp (WBIDC) to pay Tata Motors Rs 766 crore as compensation over losses incurred due to the scrapping of its car factory in Singur. The state is mulling whether to challenge the order in the Calcutta high court or move the Supreme Court directly.
Deal-based capitalism, as in the case of Singur, seems to have given way to rules-based capitalism, as in the case of the PLI schemes. And Nano s failure may have had a role to play in it
Tata Motors, which sought to democratise car ownership in India with its ₹1-lakh Nano, has won a ₹766-crore award in an arbitration involving a state agency of West Bengal where the small-car plant, mothballed after a protracted stir over land acquisition, is located.