SC refuses to interfere in coal block auction

Image
ANI New Delhi
Last Updated : Jan 28 2015 | 10:25 AM IST

The Supreme Court has refused to interfere in the coal block auction process, thereby allowing the Centre to go ahead in accordance with the Coal Mines Ordinance after a petition was filed for the same.

According to reports, the bench consisting of Justices J Chelameswar and Rohinton F Nariman further set aside an order by the Calcutta High Court, directing the government to mention share its auction notice, following a dispute related to a coal mine in West Bengal.

Media reports stated that the apex court also recorded Attorney General of India Mukul Rohatgi's undertaking that the government has decided to not put any of the end-use plants of the licensee or lease holder, whose allocations now stand quashed by the court, up for auction as a matter of policy.

Rohatgi added that the government has said that it is willing to earmark the portion of the land occupied by the end-user plant falling within the coal block area, and exclude it from the auction process so that their rights of property remain intact.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 28 2015 | 10:10 AM IST

Next Story