May 20, 2024 02:36 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Helicopter carrying Iranian President Ebrahim Raisi involved in accid'nt: Reports | Arvind Kejriwal to march with AAP leaders to BJP HQs tomorrow with an 'arrest' dare | Adhir Chowdhury won't decide, he will be axed if he doesn't...': Congress chief Mallikarjun Kharge on alliance with Mamata Banerjee | Swati Maliwal assault case: Arvind Kejriwal's aide Bibhav Kumar arrested by Delhi Police | DK Shivakumar offered me Rs. 100 crore to defame Modi: Arrested BJP leader G Devaraje Gowda on Karnataka sex scandal

Supreme Court cancels 214 coal block allocation since 1993

| | 24 Sep 2014, 03:59 pm
New Delhi, Sep 24 (IBNS): The Supreme Court on Wednesday nullified the allocation of 214 of the 218 coal blocks, leased out to companies illegally by the Centre since 1993.

 In a bold judgement, only four blocks' allocation- which are crucial for big power projects and given to companies like SAIL- were not cancelled. 

Thus most of the private firms which were allotted coal blocks by the previous Congress-led United Progressive Alliance (UPA), as well as the NDA, between 1993 and 2011, have lost rights over the mines.

Reports said the coal firms will also have to pay fine of Rs. 295 per tonne of coal extracted.

The top court on August 25 had held that all coal blocks allocations since 1993 by various regimes at the Centre were illegally and arbitrarily done, sources said.

A bench headed by Chief Justice RM Lodha had said in its 163-page verdict: “To sum up, the entire allocation of coal block as per recommendations made by the Screening Committee from July 14, 1993 in 36 meetings and the allocation through the government dispensation route suffers from the vice of arbitrariness and legal flaws.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.