Pay Coal India Ltd three months holding cost for coal stock: Delhi High Court to ESCL

The Delhi High Court has suggested a steel company to consider depositing three months’ holding charges with Coal India Ltd (CIL) towards safety and security of 78,000 metric tonne of coal rejects left behind by it at a mine in Jharkhand.

Justice Rajiv Shakdher said Electrosteel Castings Ltd (ESCL) can deposit the holding cost, which CIL has tentatively set at Rs 15 lakh per month, for three months and meanwhile, the state-run enterprise will make all endeavours to sell the rejects left behind by the company at the Parbatpur mine.

If CIL, which is the custodian of the mine, is unable to do so in the given period, then the company can remove them from the land and sell them, the court said.

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