The Supreme Court today issued notice to the central government on a public interest petition alleging that the big corporates are using the SEZ law to get loans from banks instead of starting industries in the acquired land. The modus operandi is this: First, the developers approach the central government for approval of the SEZ project in their favour. Then they move the state government to acquire the land.
After getting the relevant notification to get the land the developers wait for some time for the land prices to escalate. Then they go to the banks and mortgage the
After getting the relevant notification to get the land the developers wait for some time for the land prices to escalate. Then they go to the banks and mortgage the
