A Delhi court Monday rejected the closure report filed in the coal block allocation case against Madhya Pradesh-based Kamal Sponge Steel and Power Ltd. and summoned the firm, one of its directors and former coal secretary H.C. Gupta as accused.
Central Bureau of Investigation (CBI) Special Judge Bharat Parashar summoned the Madhya Pradesh-based company and its director Pavan Ahluwalia, senior official Amit Goyal, and Gupta as accused in the case.
The court directed Gupta, Ahluwalia and Goyal to appear before it Oct 31 after rejecting the CBI' closure report.
The court took cognizance of the offences under sections dealing with criminal conspiracy, cheating and various provisions of the Prevention of Corruption Act.
The CBI has lodged an FIR accusing the company and others of allegedly misrepresenting facts, including inflated net worth, to acquire coal blocks.
After the probe, the CBI filed a closure report saying it has not found sufficient evidence against the firm and its director to proceed with the case.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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