In a major setback to the Coal block auction, the Delhi High Court (HC) gave relief to several companies like Jindal Steel and Power Limited (JSPL), Jindal Power Limited (JPL) and Sesa Sterlite disqualified from participating in the bidding .The High Court conducted hearing on the issue in phases till late Friday evening before two separate Benches that heard the petitions filed by JSPL and JPL, Sesa Sterlite, Sarda Energy and Minerals Limited, Usha-Martin, Monet Ispat, Utkal Coal Limited and Jayaswal Neco Industries Limited.A Bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw sought the government's response to the plea of the Jindals challenging the 2014 Coal Ordinance provisions regarding determination of compensation payable to allottees towards mining infrastructure and land value of the blocks.Later, another Bench of Justices BD Ahmed and Sanjeev Sachdeva gave a major relief to Sesa Sterlite, Sarda Energy and Usha-Martin by setting aside their disqualification from bidding.
News On AIR | February 14, 2015 12:02 PM
Delhi HC gives relief to several companies disqualified from participating in the bidding to Coal block auction