The Supreme Court of India on Thursday said that the Competition Act will apply to Coal India Ltd, a stand opposed by the PSU.
The case has been remanded back to the Competition Commission of India (CCI) for deciding the issue on merits.
The CCI had imposed a penalty of Rs 1,773.05 crore on Coal India for imposing unfair/discriminatory conditions in Fuel Supply Agreements with the power producers for supply of non-coking coal. However, after the intervention of Competition Appellate Tribunal, the penalty was cut to Rs 591 crore.
