Some things are easier said than done. And, it is not easy to please all. This seems to be exactly the predicament that Mamata Banerjee is in today. Her promise to return 400 acres of Singur land back to the farmers has run into not one, but a possible seven road blocks, reports CNBC-TV18's Amrita Panja.
Firstly, the Calcutta High Court has upheld the acquisition as legal and the public purpose as valid. In that case, the land cannot be returned, as the Land Acquisition Act 1894 states that land once acquired for a public purpose cannot be returned. Secondly, the Supreme Court hearing on the case is still pending. Did you read: Nano vendors happy with Mamata Banerjee According to the lease agreement, the lessor can terminate the agreement, if the property has not been used for the said purpose in four years. With the term coming to a close in October, Tata recently renewed the lease. Again, as per the agreement, if the government cancels the lease for any reason, the land has to be auctioned. This again creates a barrier to MamataDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
