Panaji: Goa Industrial Development Corporation (IDC) chairman Glen Ticlo said that government has taken back land from five SEZ promoters by paying Rs 200 crore.
“The land of about 34 lakh sq mtrs is in Government possession now,” he said.
IDC has taken back land from Inox Mercantile Company, Peninsula Pharma Research Centre, Planetview Mercantile Company, K Raheja & Corporation and Paradigm Logistics & Distribution all who had moved Supreme Court.
The promoters had approached Apex Court after High Court in its judgment in 2010 set aside the land allotments to all SEZ promoters dubbing it as illegal.
The Court had then directed State government and companies to work out an amicable solution in the matter.