Coal block allocation case News

A special court on Friday ordered framing of charges against industrialist Naveen Jindal, former Minister of State for Coal Dasari Narayan Rao and 13 others for criminal conspiracy, cheating and other offences in a coal block allocation scam case.

A special court on Saturday concluded recording of statements of accused in a coal block allocation case in which accused firm Jharkhand Ispat Pvt Ltd (JIPL) and its two directors R S Rungta and R C Rungta are facing trial.  

A special court Wednesday fixed December 21 for hearing a coal block allocation case in which the Supreme Court had stayed the summons issued against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.

A special court has allowed a plea filed by CBI seeking its permission to place on record some fresh documents and adding names of six more witnesses in a coal block allocation case involving Delhi-based Rathi Steel and Power Limited (RSPL) and its three officials.

Sinha had raised objections after a special court hearing coal cases remarked that the investigators should undergo proper training and refresher courses at CBI Academy so as to hone their investigation skills.

IDBI Bank Ltd has close to 20 billion rupees ($328 million) loan exposure to companies affected by a Supreme Court.

Government Wednesday said it was awaiting the final decision of the Supreme Court on the coal block allocations and was prepared for any eventuality as it has its plans ready irrespective of any verdict.

A mass cancellation of coal blocks awarded since 1993 could cost the country up to $3 billion in additional imports.

The Supreme Court on Monday said all coal blocks allocated from 1993 to 2010 were illegal as the process of allocation by the screening committee was illegal, unfair and suffered from vice of arbitrariness.