Expropriation in the Indian Infrastructure Sector
Photo: For representational purpose
“Property and law are born together and die together. Before laws were made there was no property; take away law, and property ceases.”
For the Indian economy to retain its momentum, it is necessary to have infrastructure in place in terms of fundamental facilities and systems to serve the country. For this, state backing is required, which includes expropriation.
According to Black’sLaw Dictionary, the word ‘expropriation’ denotes a voluntary surrender of rights or claims; the act of divesting oneself of that which was previously claimed as one's own or renouncing it. The more commonly used definition is that it is the action by the state or an auth