West Bengal Industrial Development Corporation, which had leased out 997.11 acre land to Tata Motors and its approved vendors in 2006, has preferred the appeals under Section 34 and 36 of the Arbitration & Conciliation Act 1996 before the court
The present dispute arose from an agreement signed between The Chatterjee Group (TCG), the promoter of HPL, and West Bengal Industrial Development Corporation (WBIDC) on September 11, 2014, whereby the private party bought 52 crore shares from WBIDC for Rs 25.10 apiece
Inspired by Dubai’s DMCC Tea Centre, which is a major blending, packaging and tea export hub in West Asia, the Calcutta facility will have a common testing unit and a packaging and blending facility for the smaller tea producers
The Mamata Banerjee government has been locked in legal disputes with several companies over the failure to pay financial incentives that were offered to persuade them to invest in Bengal