ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
  • JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half
  • Dalal Street Corner: Easing commodity prices, buying interest in IT, Metal help market extend gains; what should investors do on
  • PM Modi meets Joe Biden, Emmanuel Macron and Justin Trudeau at G7 Summit
  • Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more
Read in App
Business News » World News

U.S. Supreme Court revives India power plant lawsuit

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

The U.S. Supreme Court on Wednesday revived a lawsuit by villagers in India seeking to hold a Washington-based international financial institution responsible for environmental damage they blame on a power plant it financed.

The justices ruled 7-1 that there are limits to immunity for entities like the one involved in this case - the International Finance Corp (IFC) - under the 1945 International Organizations Immunity Act, just as there are for foreign countries under a 1976 law called the Foreign Sovereign Immunities Act.

The court, in a decision written by conservative Chief Justice John Roberts, overturned a lower court`s ruling that the IFC, part of the World Bank Group, was categorically immune from such lawsuits under U.S. law.

The IFC provided $450 million in loans in 2008 to help construct the coal-fired Tata Mundra Power Plant in Gujarat, India. IFC loans included provisions requiring that certain environmental standards are met. Lead plaintiff Budha Ismail Jam and other fisherman and farmers living near the plant sued in federal court in Washington in 2015, accusing the IFC of failing to meet its obligations.

Marco Simons, an attorney with EarthRights International, a legal advocacy group representing the plaintiffs, said the decision is significant for protecting the environment and the welfare of people around the world because it could force international organizations to take greater care in their financing and monitoring of projects.

"These organizations have a huge impact on development decisions around the world, and for decades they`ve essentially operated above the law," Simons said in an interview.

Roberts dismissed concerns that a ruling favouring the villagers would open the door to a flood of litigation against international organizations and hurt their mandate, saying that plaintiffs would still have to overcome a series of hurdles to bringing suit.

The case will now return to a lower court for further litigation.

"In the meantime, we are going to work to ensure that this ruling does not affect our ability to deliver for our partner countries and does not hinder our mission," the IFC said in a statement.

Justice Stephen Breyer, a liberal, was the lone dissenter, saying that when the 1945 law was written, international organizations enjoyed broad immunity.

President Donald Trump`s administration had backed the plaintiffs, saying international organizations should not be given anything more than the limited immunity foreign countries are accorded.

Justice Brett Kavanaugh, a Trump appointee who joined the court last October, did not take part because he was involved in the case in his prior role as a federal appeals court judge.

The villagers said the plant`s construction and operations did not comply with the environmental plan set out for the project. The local environment has been devastated, according to the plaintiffs, with marine life killed by water discharges from the plant`s cooling system and coal dust contaminating the air.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Thu, Feb 28, 2019
03:44 am
Reuters
RELATED NEWS
JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half
Punjab Budget 2022-23: AAP government presents its first budget;  for FY 2022-23; at Rs 1,55,860 crore FM proposes 14.2% jump in budget expenditure Punjab Budget 2022-23: AAP government presents its first budget; for FY 2022-23; at Rs 1,55,860 crore FM proposes 14.2% jump in budget expenditure
India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra
Investment through participatory notes declines to Rs 86,706-cr in May Investment through participatory notes declines to Rs 86,706-cr in May
India’s sports sector to be next hot investment destination - US$100bn industry by 2027 | Details of report India’s sports sector to be next hot investment destination - US$100bn industry by 2027 | Details of report

LATEST NEWS

JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half

Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates

SBI Cards shares jump 4% intraday as credit card spend hits fresh high in May; brokerages see up to 51 upside

Wealth Guide: REITs, INVITs - How to make money with Real Estate and Infrastructure Investment Trusts - Expert explains

Rakesh Jhunjhunwala-backed Nazara Technologies stock jumps 6% on bonus share record date, up 25% in 2 sessions; brokerage sees 180% upside

Where is Elon Musk as America faces biggest issues of its times

Xiaomi 12T likely to launch soon in India - Check expected specifications and more

Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more

47th GST Council meet: 2-day meeting begins tomorrow; compensation to states, rate rationalisation to be among top agendas

Rupee Vs Dollar: Rupee ends almost flat at 78.34 against US dollar

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV