Bombay High Court Rules That Land Acquisition for Cooperative Sugar Factory Does Not Lapse Due to Delay in Section 6 Declaration as Court-Imposed Stay Extends Limitation; Partial State Funding Establishes Public Purpose Even If State’s Shareholding is Below 51%

Bombay High Court Rules That Land Acquisition for Cooperative Sugar Factory Does Not Lapse Due to Delay in Section 6 Declaration as Court-Imposed Stay Extends Limitation; Partial State Funding Establishes Public Purpose Even If State’s Shareholding is Below 51%

Court’s Decision: The Bombay High Court dismissed the petition challenging the acquisition of land for a cooperative sugar factory, ruling that partial funding by the State exchequer meets the requirement…