HomeNewsTrendsCurrent AffairsCos given 6mths to wind up can't be stopped from mining: SC

Cos given 6mths to wind up can't be stopped from mining: SC

A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.

October 16, 2014 / 22:09 IST
Story continues below Advertisement

The Supreme Court today refused to restrain coal companies, which were directed to wind up mining operations in six months after their coal block allocations were cancelled by it, from extracting coal during this period and selling it in the market.

A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.

Story continues below Advertisement

"If they want to excavate coal, no one can stop them. They have been given six months' time. Why should court direct them not to extract coal during this period," the bench said.

The court's observation came when advocate M L Sharma, on whose plea the apex court had earlier cancelled 214 out of 218 coal blocks allocation, submitted that the companies are extracting three to four times more coal per day as they have to wind up the operations within six months.