NEW DELHI: A court discharged Tuesday JSW Steel Ltd (formerly Monnet Ispat) in a case related to alleged irregularities in the allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh.
The court said the adjudicating authority approved JSW’s application to take over Monnet Ispat via a resolution under insolvency & bankruptcy code. The case is one of several stemming from irregular allocation of coal blocks between 1993 and 2005. CBI filed a case in Sept 2012. It passed the order on a discharge plea filed by JSW on grounds of immunity granted under the law, submitting it took over Monnet Ispat under the code. TNN