Unconditional Stay on ₹765 Crore Arbitral Award in Tata’s Favour Refused in Singur Nano Plant Dispute: Calcutta High Court
The Calcutta High Court has refused to grant an unconditional stay on a ₹765.78 crore arbitral award passed in favour of Tata Motors Ltd in its long-running dispute with the West Bengal Industrial Development Corporation Ltd relating to the Singur Tata Nano plant project. Justice Aniruddha Roy passed the order while hearing a challenge filed by the West Bengal Industrial Development Corporation Ltd against the arbitral award delivered in October…
