Centre for `7,700cr Bhopal aid

Dec 04, 2010 |

Correspondent

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New Delhi, Dec. 3: After a lot of debate on whether Dow, which took over Union Carbide, should be made liable for enhanced compensation to Bhopal gas victims, the Centre on Friday filed a curative petition in the Supreme Court against its two verdicts on civil suits related to the compensation issue.

In the petition drafted by the Attorney-General, Mr G.E. Vahanvati, the Centre has sought three separate claims from Dow Chemicals on the ground that the earlier compensation of $470 million approved by the SC was substantially “inadequate”.

Under the “first claim” the company has been given “three options” to pay the enhanced compensation.

As per the first option, it should pay $1,129.19 million (`5,263.16 crore) as monthly Libor, or $1,194.13 million (`5,565.84 crore) as half yearly Libor, or $1,241.38 million (`5,786 crore) yearly Libor.

As per the second option, Dow should pay $707 million (`3,298.69 crore), and as per the third option it should pay $629.99 million (`2,936.36 crore).

The second claim from Dow was for `1,747.15 crore and the third claim is for `315.7 crore.

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