Supreme Court Rules Competition Act Applicable To Coal India Ltd

Supreme Court Rules Competition Act Applicable To Coal India Ltd

The Supreme Court ruled today that Coal India Ltd. is subject to the Competition Act of 2002 despite being a state-owned enterprise. Today, Justices KM Joseph and BV Nagarathna rendered their decision. “We deny the applicant’s claim that the Competition Act isn’t applicable to them due to the Coal Mines (Nationalisation) Act….The Nationalisation Act cannot be reconciled to the [Competition] Act.”

The court also remitted the case to the Competition Commission of India for a decision on the merits. Moreover, it was clarified that the IAs seeking interim relief and the contempt petitions would be posted in July. “The transferred case shall be recalled to allow this to be evaluated on its own merits. Cases that were transferred have been resolved. Similarly, the appeal will be posted for review based on its own merits. Interlocutory applications seeking interim relief in pending appeals will be listed during the second week of July 2023. The contempt petitions will be enumerated in July 2023.

Coal India argued that it is not subject to the Competition Act because it operates coal mines governed by the Coal Mines Nationalisation Act. The Bench was listening to their petitions. The CCI was against the petition. Previously, the competition regulator had fined Coal India over Rs 1,773 crore for imposing unfair/discriminatory conditions in Fuel Supply Agreements with non-coking coal producers.

READ JUDGEMENT

LAW FIRMS & LAWYERS

CORE TEAM OF THE FIRM

Rakesh Sharma

Mr. Rakesh Sharma, advocate is the most experienced member of our team and when it comes t...

The Law Codes

Siddharth Sharma

Siddharth Sharma is one of our leading and versatile lawyers who believe in dynamic lawyer...

The Law Codes

Rohit Samhotra

Dr. Samhotra is a dental graduate, and he continued the dental practice for a few years af...

The Law Codes

Sunny Menghi

Sunny Menghi embarked on his academic journey in Law at Panjab University, earning his bac...

The Law Codes

Ameesha Goel

Ameesha is among our young talents and a graduate of IP University, Delhi. She has a zeal ...

The Law Codes

V. Chaitanya Rao

V. Chaitanya Rao is one of the newer members of The Law Codes team. He brings an air of yo...

The Law Codes
error: Content is protected !!