SC will pronounce verdict in Coal Block allocation scam today

Image
ANI New Delhi
Last Updated : Aug 25 2014 | 2:06 PM IST

The Supreme Court will pronounce its verdict on cancellation of coal allocation blocks and issues relating to the de- allocation of those blocks without environmental clearance.

It may be mentioned that a CAG report on coal block allocation had stated that nearly 150 coalfields were allotted to private and state-run firms without transparency and objectivity between 2005 and 2009.

The coal blocks were alloted in Jharkhand, Chattisgarh, Maharashtra, West Bengal, Odisha and Madhya Pradesh to private companies and parties.

The Bench headed by Chief Justice R.M. Lodha, had said in January this year, huge investments by companies could not be a ground for not cancelling the licence.

After the centre de-allocated 40 coal blocks, the court had further suggested de-allocation of 29 blocks allotted to private companies as well.

*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: Aug 25 2014 | 1:51 PM IST

Next Story