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In its appeal, WBIDC claimed that it had been denied equal opportunity during the hearings before the arbitral tribunal. The corporation said it was not given full opportunity to present its case before the three-member tribunal.
Tata Motors shares climbed nearly 2 per cent in early trade on Tuesday following a significant development yesterday.
UPDATE 1-Tata Motors rises after court awards compensation for West Bengal investment
Tata Nano Cars: A three-member arbitral tribunal said Tata Motors was entitled to recover the amount from West Bengal Industrial Development Corporation for the loss of investments related to the automobile facility, according to an exchange filing.
Tata Motors said it has been also been allowed to recover a sum of Rs 1 crore towards the cost of the proceedings.