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Competition Act: This will mean the Act will apply to public sector undertakings and private enterprises alike

The CCI had imposed a penalty of Rs 1773.05 crore on Coal India for imposing unfair/discriminatory conditions in Fuel Supply Agreements with power producers for supply of non-coking coal

NEW DELHI —The Supreme Court on Thursday ruled the Competition Act, 2002 applies to public sector undertaking Coal India Limited (CIL), the company which answers the description of an enterprise engaged in mining and not discharging any sovereign function of the government. The bench, which refrained from going into the merit of the case related to alleged abuse by the CIL of its dominant position, remanded a batch of cases filed mostly by coal companies and power producers back to the Competition Commission of India (CCI) for reconsideration. The CCI had imposed a penalty of Rs 1773.05 cror...

Graft buster submits report in SC hearing PTI chief plea against amendments

Govt collects ₹8,965 cr till Nov from auctioned, allotted coal blocks On 25 August, Supreme Court had ruled that all the coal mines allocated since 1993 had been given away illegally. On 24 September, it cancelled the allocation of 214 out of 218 coal blocks. Photo: Getty Images 1 min read . Updated: 29 Dec 2020, 06:37 PM IST PTI Till date, 11 coal blocks under the MMDR Act have been allotted to various government companies, where two blocks are for commercial purpose and the remaining nine are for captive end-use Share Via Read Full Story NEW DELHI : The government mopped up ₹8,964.7...