|Chennai||Rs. 24970.00 (-0.44%)|
|Mumbai||Rs. 25970.00 (0%)|
|Delhi||Rs. 25350.00 (-0.59%)|
|Kolkata||Rs. 25440.00 (-0.04%)|
|Kerala||Rs. 24900.00 (-0.8%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25080.00 (0.12%)|
New Delhi: The Supreme Court on Monday held that the coal blocks allocated from 1993 onwards were illegal, arbitrary, non-transparent and were devoid of any procedure.
The apex court bench comprising Chief Justice RM Lodha, Justice Madan B Lokur, and Justice Kurian Joseph, however, stopped short of pronouncing instant cancellation of the coal blocks as it may have serious repercussions.
The court suggested setting up a committee headed by a retired apex court judge to examine what should be done for the re-allocation of these coal blocks.
The court made it clear that it was just a suggestion and it was open to a better option.
The next hearing will be held on September 1 to consider the question of setting up a committee that will go into the allocation of coal blocks and how it should be done.