SC reserves order on scrapping of coal block allocations
January 16, 2014 19:57
The Supreme Court today reserved its verdict on scrapping of around 200 coal blocks allocation after holding a marathon arguments spanning over 16 months during which the Centre's role in awarding the natural resourses to private companies came under sharp criticism.
A three-judge bench headed by Justice R M Lodha, which had agreed to look into the alleged irregularities in coal block allocation on September 14, 2012, wrapped up the proceedings which witnessed the Centre itself putting in motion the process of deallocating some coal blocks.
The bench heard the arguments of all concerned parties involved in the allocation, including the seven mining states and the association of mining companies.
Private companies contended any order of the apex court should have prospective effect and all the allocations should not be scrapped in one go and it should be decided on a case- to-case basis.
A three-judge bench headed by Justice R M Lodha, which had agreed to look into the alleged irregularities in coal block allocation on September 14, 2012, wrapped up the proceedings which witnessed the Centre itself putting in motion the process of deallocating some coal blocks.
The bench heard the arguments of all concerned parties involved in the allocation, including the seven mining states and the association of mining companies.
Private companies contended any order of the apex court should have prospective effect and all the allocations should not be scrapped in one go and it should be decided on a case- to-case basis.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances