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SC Rejects JSPL Plea to Sell Illegally Extracted Iron Ore from Sarda Mines

Steel News - Published on Wed, 04 Dec 2019

Image Source: JSPL
FE reported that Supreme Court has refused to allow Jindal Steel & Power to sell and transport 12 million tonne of illegally extracted iron ore worth INR 2,000 crore from Sarda mines in Odisha. A Bench led by Justice S Abdul Nazeer while refusing interim relief said “Sarda is mined illegally. How can we allow it…just because its sold to you.”

The court was hearing a case by the Odisha government seeking to bar JSPL from accessing the extracted iron ore in Keonjhar mine in Odisha which the company claims was mined before the state government imposed a ban on mining. JSPL opposed sale of iron ore by banks, saying the iron ore belonged to it and it should be allowed to consume and transport it from the current location, which is Sarda Mines.

However, banks opposed JSPL’s plea, saying they have a statutory charge over the same iron ore.

Source :

Posted By : Arun Huidrom on Wed, 04 Dec 2019
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