Scrapping of Tata Nano project in Singur: Arbitral Tribunal awards ₹766 crore compensation to Tata Motors

The arbitral tribunal also awarded Tata Motors ₹1 crore to be recovered from the West Bengal Industrial Development Corporation (WBIDC) towards costs for the arbitration proceedings.
Tata Motors
Tata Motors

An Arbitral Tribunal recently awarded Tata Motors ₹766 crores as compensation to be paid by the West Bengal government to cover capital losses incurred by Tata after plans to manufacture Nano cars in Singhur district were eventually scrapped.

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