Private Firm Profiting from Sub-Leasing Public Land Allotted for ₹1: Madras High Court
The Madras High Court recently delivered a significant ruling in favor of the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), allowing it to recover sub-leasing charges from a private company on the grounds that public industrial land allotted at a nominal rent cannot be commercially exploited. The Division Bench comprising Justices SM Subramaniam and C Kumarappan emphasized that such arrangements amounted to unjust enrichment and were contrary to public…
