“These companies were given 6 months' time and we cannot direct them not
to excavate coal during the period,” stated the Supreme Court.
The Supreme Court last month scrapped the allocation of 214 out of 218 coal blocks to various companies since 1993 terming it as ‘fatally flawed’.
Allowing the Centre to take over operation of 42 cancelled blocks which are functional, the Apex Court gave a six month breather to the remaining blocks to wind up their operations.
The Apex Court said that the beneficiaries of the illegal process ‘must suffer’ the consequences and refused to show sympathy to private companies which submitted that Rs 2.87 lakh crores have been invested in 157 coal blocks and Rs 4 lakh crores in end-use plants.
Wednesday's order covering allocations made by various governments including Congress, NDA and UPA between 1993 and 2010 will pave the way for the Centre to put the remaining 172 blocks for auction.
A bench headed by Chief Justice RM Lodha said that its judgement is intended to correct the wrong done by the Centre over the years and to send a message to Government not to deal with the natural resources as if they belong to a few individuals who can fritter them away at their sweet will.
It, however, saved from the "guillotine" four allocations one each to SAIL and NTPC and two blocks to Sasan Power Limited owned by Anil Ambani's Reliance Power and also gave a six months breathing time to rest of them to wind up their operations by March 31, 2015.
The Supreme Court last month scrapped the allocation of 214 out of 218 coal blocks to various companies since 1993 terming it as ‘fatally flawed’.
Allowing the Centre to take over operation of 42 cancelled blocks which are functional, the Apex Court gave a six month breather to the remaining blocks to wind up their operations.
The Apex Court said that the beneficiaries of the illegal process ‘must suffer’ the consequences and refused to show sympathy to private companies which submitted that Rs 2.87 lakh crores have been invested in 157 coal blocks and Rs 4 lakh crores in end-use plants.
Wednesday's order covering allocations made by various governments including Congress, NDA and UPA between 1993 and 2010 will pave the way for the Centre to put the remaining 172 blocks for auction.
A bench headed by Chief Justice RM Lodha said that its judgement is intended to correct the wrong done by the Centre over the years and to send a message to Government not to deal with the natural resources as if they belong to a few individuals who can fritter them away at their sweet will.
It, however, saved from the "guillotine" four allocations one each to SAIL and NTPC and two blocks to Sasan Power Limited owned by Anil Ambani's Reliance Power and also gave a six months breathing time to rest of them to wind up their operations by March 31, 2015.
Source:MP Hindi News & Chhattisgarh News
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