In its charge sheet, the CBI had alleged that RKM Powergen and its directors misrepresented their project preparedness, submitted forged documents and cheated the government to secure the coal block.
Special judge Arun Bhardwaj passed the order, noting the adjudicating authority approved JSW’s application of taking over Monnet Ispat via a resolution under the Insolvency and Bankruptcy Code (IBC).
The CBI has sought before a Delhi court seven-year jail term for a former official of the Ministry of Steel, who has been convicted in a case related to alleged irregularities in the allocation of a coal block in Chhattisgarh.
The trial court had in July convicted and awarded three-year jail terms to Gupta, Kropha and former senior public servant K C Samria in the case.