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Tata Motors’ counsel, Mr Samaraditya Pal, today held at the Calcutta High Court that the State had entered into an indemnity and compensation clause by which the lessor is bound to compensate the lessee.
“The State has entered into valid agreements and it is bound to honour them,” Mr Pal said, while arguing for the petition filed by the auto major challenging the validity of the Singur Land Rehabilitation and Development Act, 2011.
According to the company’s counsel, indemnity covers capital expenditure, relocation loss and overall loss.
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