Coal India is subject to the Competition Act; the merits of the case will be decided: SC

15 Jun 2023 , 12:30 PM

The PSU disagreed with the Supreme Court of India’s ruling on Thursday that Coal India Ltd. will be subject to the Competition Act.

The Competition Commission of India (CCI) has been given the matter again so that it can rule on the merits.

For placing unfair or discriminatory restrictions in Fuel Supply Agreements with the power companies for the supply of non-coking coal, the CCI fined Coal India Rs 1,773.05 crore. 

The Competition Appellate Tribunal’s intervention, however, resulted in the penalty being reduced to Rs 591 crore.

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