May 01, 2026 09:09 am (IST)
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Goyal lauds SC order on coal block allocation
​New Delhi, Aug 25 (IBNS)​: Coal & Power Minister Piyush Goyal on Monday welcomed the Supreme Court verdict which quashed all coal block allocations from 1993.
Reacting on the issue, Goyal told reporters that the verdict will not only put the dispute to rest but will also boost the economy as well. He said, "The judgement has brought to finality and closure a dispute that has been going on for such a long time is a big plus for the economy."
Goyal asserted that the SC verdict has virtually sealed the policy of his Government on bringing clarity and transparency in policy for which PM Narendra Modi is famous.
He said the clarity in policy will be "hallmarks of a good economy and will be liked by the investor community."
"The government is prepared to act swiftly once final decision is pronounced in the court," he added.
Congress on the other hand blamed blamed Vajpayee-led NDA government for the scam. "The NDA blamed us out of political rivalry, but now it is clear. The problem started during their tenure," Congress spokesperson Shakeel Ahmed told reporters on Monday.
Earlier, the Supreme Court on Monday quashed all allocations of coal blocks since 1993, delivering a historic judgement on the coal scam after hearing petitions seeking the scrapping of allocations.
The top Court has nullified all allocations whether through screening committee or through other means that took place till 2009 terming them as illegal and arbitrary. "No system was followed. It was all arbitrary and based on favouritism. All allocations were illegal," said the verdict as quoted by lawyer Prashant Bhushan.
"No objective criteria was followed and guidelines were breached in coal block allocations," a bench headed by Chief Justice of India, R M Lodha, said.
The top court also suggested to set up a committee headed by a retired Supreme Court judge to examine what should be done for the re-allocation of these coal blocks.
The next hearing will be held on 1 Sept. to consider the question of setting up a committee that will go into the allocation of coal blocks and how it should be done.
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