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SC seeks centre's reply on Essar Power's plea to surrender coal block

Coal News - Published on Tue, 14 May 2019

Image Source: VCCircle
PTI reported that the Supreme Court recently sought the Centre's response on a plea of Essar Power MP Ltd seeking to surrender the coal mines won by it in the 2015 auctions and refund of money paid to the government. A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta issued notice to the Centre on the appeal of Essar Power which has challenged the Delhi High Court's decision disallowing its plea. Essar had won Tokisud North coal mine in Jharkhand in the auctions carried out by the Centre in 2015-16.

In 2015. the power company had moved the high court protesting against a change in regulations made by the Centre and alleged that it was done after the conclusion of auction proceedings.

The company had submitted that it wanted to surrender the coal block and hence, its deposit be returned.

Source :

Posted By : Rabi Wangkhem on Tue, 14 May 2019
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