New Delhi: The Supreme Court is likely to pass an order Monday on utilisation of fund recovered as penalty from erring mining companies for the development of the mining affected areas of the state. A three-judge bench of Justice Madan B Lokur, Justice Abdul S Nazeer and Justice Deepak Gupta Friday adjourned the matter for Monday after hearing the argument of the parties.
During the hearing, senior advocate Rakesh Dwivedi, appearing for Odisha, contended that the state has agreed on most of the suggestions made by the lessees. The counsel appearing for Central Empowered Committee said in the court that they would submit a report on the suggestions made by lessees related to the utilisation of fund in mining affected areas and appointment of retired judge as chairman of special purpose vehicle (SPV). The apex court is likely to give directions on the utilisation and monitoring of fund recovered from the erring mining companies as fine, said sources. Earlier, the SC September 28 had directed the state government to file its reply within two weeks.
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