News SC quashes allocation of 214 coal blocks allotted since 1993

[DashMajor]

The Supreme Court on Wednesday quashed the allocation of 214 coal blocks allotted since 1993. The apex court did not cancel four coal blocks out of 218 which were declared illegal. Those coal blocks which are government run non-JV allotments were spared.

The Supreme Court has granted six months 'breathing time' to companies whose blocks have been cancelled to wind up business. "The government is ready to face implications of coal block cancellation," the apex court said.

Read more at: SC quashes allocation of 214 coal blocks allotted since 1993 - The Economic Times

 

[Sanjeev]

Because of this verdict shares of coal and oil companies were down today in stock market

 

[DashMajor]

Only ZEE NEWS, Times NOW keep going with the news.

Nor Aaj Tak and I quite sure neither FOCUS NEWS even talked about it.

 

[IndianMascot]

I saw a big coverage of this news on NDTV too.

I must say the Judge did his best job before retiring today.

 

[DashMajor]

Because Adani s Coal Blocks didn't suspended hence in NDTV otherwise everyone know how much close Pronoy Roy is with New Delhi

 

[IndianMascot]

Didn't understand that ?

 

[DashMajor]

Adani is the 20% owner of NDTV hence they cover the story.

 

[IndianMascot]

I am happy with this Judgement because Jindals got a slap on their face because of this.

 

[DashMajor]

Now he can Focus more on his Focus Group Channels
Dr. Subhash Chandra will be glad to take a punga hope he will drag this issue in his show

 

[IndianMascot]

Yeah Zee Group would too be delighted with this verdict.