In a setback to Coal India and its three subsidiaries, the Supreme Court on Thursday ruled that the Competition Act 2002 applies to the public sector companies and they cannot be treated differently than others who might enjoy the monopoly of production, distribution and sale of natural resources.
The verdict, penned by Justice KM Joseph, who retires tomorrow, rejected the appellant's contention that the Competition Act does not apply to them because of the Coal Mines (Nationalisation) Act.
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