{"id":52811,"date":"2022-07-11T19:38:00","date_gmt":"2022-07-11T14:08:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=52811"},"modified":"2022-07-11T19:35:53","modified_gmt":"2022-07-11T14:05:53","slug":"dl-hc-ntpc","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/dl-hc-ntpc\/","title":{"rendered":"HC restrains Centre from taking steps concerning order imposing Rs 66 crore penalty on NTPC"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1897071858\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Delhi High Court has restrained the Centre from taking further steps concerning its order imposing a penalty of over Rs 66 crore on National Thermal Power Corporation (NTPC) for allegedly failing to comply with the \u201cproduction schedule\u201d for a coal mine in Chhattisgarh for two years.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2598047293\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Justice Yashwant Varma issued notice on the petition by NTPC challenging the order and sought a response from the central government within ten days.<\/p>\n<p>The court observed that the \u201cmatter requires consideration\u201d while noting that the action under challenge is initiated against a government company and that no reasons were recorded by the concerned authorities while rejecting the contentions raised before it.<\/p>\n<p>\u201cNotice\u2026Let counter affidavit be filed within a period of ten days from today. The petitioner shall have 48 hours thereafter to file a rejoinder affidavit,\u201d said the court in its interim order dated July 8.<\/p><div class=\"trade-content_5\" id=\"trade-1835733747\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u201cTill the next date of listing, the respondent shall stand restrained from taking further steps pursuant to the impugned order dated July 6, 2022,\u201d the court directed.<\/p>\n<p>The NTPC, in its plea, submitted that the Centre did not appreciate the \u201cground realities\u201d which hampered the coal production at the Talaipalli coal mine and arbitrarily accepted the recommendations of a Scrutiny Committee and consequently issued the appropriation order dated July 6, 2022, imposing a penalty of Rs 66,01,42,080 towards non-compliance with the production schedule for financial years 2019-20 and 2020-21.<\/p>\n<p>The petitioner told the court that the entire process came to be derailed on account of a failure on the part of the Mines Development Officer to act in accordance with law as well as the anomalies existing in the approved mining plan.<\/p>\n<p>It was further submitted that the period in question was also one during which the pandemic prevailed which clearly hampered operations and the issues highlighted to explain the failure to meet the mandated production targets were not accorded consideration.<\/p>\n<p>\u201cThis decision (by the Centre) has been taken without taking note of the various difficulties which NTPC has faced in not being able to meet the scheduled targets which have been on account of reasons beyond the control of NTPC,\u201d the petition said.<\/p>\n<p>\u201cIn fact, the Cabinet Committee on Economic Affairs headed by the Prime Minster itself has appreciated the difficulties and problems being faced by mine allottees in PSUs in meeting the coal production requirements and development of coal mine on account of reasons like law and order issues, enhancement in the area of forest from what was declared earlier, the resistance of landholders against land acquisition, geological surprises in terms of availability of coal resources, etc., and has decided not to penalize the mine allottees and give them a window to surrender the coal mine,\u201d it added.<\/p><div class=\"trade-content-10\" id=\"trade-3903949312\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>In the petition, the central public sector undertaking prayed for directions to quash the appropriation order and also restrain the authorities from taking any coercive steps, including encashment of the bank guarantee for an amount of Rs 66,01,42,080.<\/p>\n<p>The matter would be heard next on July 22. PTI ADS RKS RKS<\/p>\n<div class=\"trade-after-content\" id=\"trade-1983521358\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court has restrained the Centre from taking further steps concerning its order imposing a penalty of over Rs 66 crore on National Thermal Power Corporation (NTPC) for allegedly failing to comply with the \u201cproduction schedule\u201d for a coal mine in Chhattisgarh for two years. Justice Yashwant Varma issued notice on the petition [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":12543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-52811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HC restrains Centre from taking steps concerning order imposing Rs 66 crore penalty on NTPC - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/dl-hc-ntpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HC restrains Centre from taking steps concerning order imposing Rs 66 crore penalty on NTPC\" \/>\n<meta property=\"og:description\" content=\"The Delhi High Court has restrained the Centre from taking further steps concerning its order imposing a penalty of over Rs 66 crore on National Thermal Power Corporation (NTPC) for allegedly failing to comply with the \u201cproduction schedule\u201d for a coal mine in Chhattisgarh for two years. 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