Coal India may once again appeal to the Competition Appellate Tribunal (COMPAT) against the `591-crore penalty imposed by the Competition Commission of India (CCI) on it last week.
“Coal India will take up the case at the appropriate forum,” a senior Coal India executive said. “We have the option of going back to COMPAT or moving Supreme Court.”
The state-run miner is likely to move court of approach COMPAT within 60 days since the recent order has directed the monopoly to pay the penalty within two months.
However, if COMPAT or the Supreme Court issues an interim stay on CCI’s order, it may not have to pay the penalty within the 60-day time-frame. Read More…
Credit By : Energy.economictimes.indiatimes.com
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