 "Tami Nadu govt asks Madras HC to stall Nissan's plea against India")
The Tamil Nadu government has moved the Madras High Court seeking to restrain Nissan from proceeding with international arbitration over Rs 5,000 crore of unpaid incentives and damages.
The state government has argued that the Japanese carmaker should have first taken the matter to local courts. It also claimed the Union government could not be made a party to this dispute.
Nissan has issued a notice to the Centre, seeking to recover around Rs 5,000 crore of incentives promised by the Tamil Nadu government along with interest and damages. The company has initiated international arbitration proceedings against the Centre to this effect.
Narmadha
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