Top court dismisses plea against Coal India disinvestment
6 Aug 2013 10:59 PM GMT
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.
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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