Millennium Post

Top court dismisses plea against Coal India disinvestment

The Supreme Court on Monday dismissed a petition seeking quashing of 10 per cent disinvestment of Coal India Limited in 2010, saying it would not invoke its power of judicial review unless the disinvestment policy was non-transparent.
Petitioner Ehsan Khalid said during the disinvestment the non-disclosure of the company’s actual coal reserves of about 120 billion tonnes caused a loss of Rs.1.7 lakh crore to the exchequer.
The apex court bench headed by Justice R M Lodha  dismissed the petition on Monday.


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