Contact Your Financial Adviser Money Making MC
31St Aug 2016
In a set back to the Tatas, the
Supreme Court on Wednesday set aside the land acquired by the previous Left
Front government in West Bengal for the Nano car plant, saying due processes
and procedures were not followed. The Total Investment & Insurance
Solutions
The land was acquired in 2006 for
the car project, which was vehemently protested by the Trinamool Congress --
currently in power in the state with Mamata Banerjee as Chief Minisiter.
Eventually, the project was shifted to Sanad in Gujarat. The Total Investment
& Insurance Solutions
The apex court bench of Justice V.
Gopal Gowda and Justice Arun Mishra also said that all those farmers who have
taken the compensation in lieu of the acquisition need not return it as they
have been deprived of their lands and its fruits for last 10 years.
The court also said those farmers
who had not taken the compensation may withdraw it and that land be returned to
the owners within 12 weeks.
While agreeing on the quashing of
the acquisition, allowing farmers to retain the amount of compensation and
directing that the land be returned in 12 weeks, both Justice Gowda and Justice
Mishra gave different reasons.
"I'm of the view that an
acquisition of land in favour of a company cannot be fulfilled as a public
purpose," Justice Gowda said in his judgement, adding that due procedures
were not followed while acquiring the land in favour of the company. The Total Investment
& Insurance Solutions
Justice Mishra, in his reasoning,
said acquisition in favour of a company is valid as long as it is for a public
purpose and the funds for the same are used from the public exchequer.
Having said this, he added that:
"I'm exercising the power under Article 142 of the Constitution to quash
the acquisition since the Nano car project has been shifted to Gujarat and the
land is not being utilised for the purpose for which it was acquired."The Total Investment
& Insurance Solutions
No comments:
Post a Comment