A bench of Chief Justice of India NV Ramana, Justice Krishna Murari, and Justice Hima Kohli, passed the order on a batch of applications by mining firms and asked them to comply with the Government of India's rules on iron ore exports.
"It is submitted that consecutive eauctions have been receiving a poor response. Looking at the overall change, restrictions on the sale of ore and restrictions on prices need to be removed. We grant appellants permission to sell already excavated iron ore stock, etc, in three Karnataka districts. Permission is granted to appellants to allocate iron ore by entering into direct contracts without resorting to e-auction. Iron ore produced in Karnataka can be exported but on the terms of Government of India policies," the bench said.
This story is from the May 21, 2022 edition of Business Standard.
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This story is from the May 21, 2022 edition of Business Standard.
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