{"id":49578,"date":"2017-08-28T08:32:27","date_gmt":"2017-08-28T03:02:27","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=49578"},"modified":"2017-08-28T08:32:27","modified_gmt":"2017-08-28T03:02:27","slug":"sc-rejects-fimi-vedanta-plea-e-auction-iron-ore","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-rejects-fimi-vedanta-plea-e-auction-iron-ore","title":{"rendered":"SC rejects FIMI, Vedanta plea against e-auction of iron ore"},"content":{"rendered":"<figure id=\"attachment_47555\" aria-describedby=\"caption-attachment-47555\" style=\"width: 299px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"47555\" data-permalink=\"https:\/\/www.legalindia.com\/news\/sc-upholds-life-term-3-killing-gujarat-shiv-sena-leader\/sc-upholds-life-term\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?fit=299%2C169&amp;ssl=1\" data-orig-size=\"299,169\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SC upholds life term\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?fit=299%2C169&amp;ssl=1\" class=\"wp-image-47555 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?resize=299%2C169&#038;ssl=1\" alt=\"SC rejects FIMI, Vedanta plea against e-auction of iron ore\" width=\"299\" height=\"169\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?w=299&amp;ssl=1 299w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/SC-upholds-life-term.jpg?resize=150%2C85&amp;ssl=1 150w\" sizes=\"auto, (max-width: 299px) 100vw, 299px\" \/><\/a><figcaption id=\"caption-attachment-47555\" class=\"wp-caption-text\">SC rejects FIMI, Vedanta plea against e-auction of iron ore<\/figcaption><\/figure>\n<p>The Supreme Court today rejected the pleas of the Federation of Indian Mineral Industries (FIMI) and Vedanta seeking scrapping of e-auction of iron ore in Karnataka.<\/p>\n<p>A bench of Justices Ranjan Gogoi and Naveen Sinha said they do not accept the suggestions.<\/p>\n<p>&#8220;We reject the plea of FIMI and also we reject the petition of Vendanta suggesting alternative measures for e- auction,&#8221; the bench said.<\/p>\n<p>FIMI had submitted that instead of e-auction, there should be long-term agreement between producers and buyers as part of the new mechanism relying upon the suggestion made by the Central Empowered Committee (CEC) in this regard by its report on April 28, 2016.<\/p>\n<p>However, an NGO Samaj Parivartan Samudaya, had earlier opposed the plea, saying the e-auction was meant to provide the best price and royalty to the state government.<\/p>\n<p>The apex court had on April 18, 2013 allowed mining in Ballari, Tumakuru and Chitradurga districts, but with the cap of 30 million tonne per annum.<\/p>\n<p>It added that mining should be only through e-auctions and subject to monitoring by the Central Empowered Committee.<\/p>\n<p>It had then also ordered several measures to prevent environmental damage due to mining.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court today rejected the pleas of the Federation of Indian Mineral Industries (FIMI) and Vedanta seeking scrapping of e-auction of iron ore in Karnataka. A bench of Justices Ranjan Gogoi and Naveen Sinha said they do not accept the suggestions. &#8220;We reject the plea of FIMI and also we reject the petition of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[146,31987,40298,40296,117,80,47726,40297],"class_list":["post-49578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-court","tag-featured","tag-federation-of-indian-mineral-industries","tag-fimi","tag-law","tag-legal-news","tag-supreme-court","tag-vedanta-plea-against-e-auction-of-iron-ore"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC rejects FIMI, Vedanta plea against e-auction of iron ore - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court today rejected the pleas of the Federation of Indian Mineral Industries (FIMI) and Vedanta seeking scrapping of e-auction of iron ore in - Get the latest legal news from the Supreme Court, High Courts, and government. 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A bench headed by Justice Ranjan Gogoi said in its verdict that NMDC is free to fix the\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"SC denies nod to Vedanta Group for exporting iron ore from Ktk","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/Law-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":41175,"url":"https:\/\/www.legalindia.com\/news\/sc-rejects-centres-plea-against-red-fm","url_meta":{"origin":49578,"position":1},"title":"SC rejects Centre&#8217;s plea against Red FM","author":"Legal India News","date":"January 29, 2016","format":false,"excerpt":"The Supreme Court today rejected the plea of the Centre challenging a Delhi High Court order allowing Red FM, partially owned by Sun TV Network Ltd, to take part in stage-III of FM auctions last year. A bench headed by Justice J S Khehar said as per the existing rules,\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":35931,"url":"https:\/\/www.legalindia.com\/news\/bjp-moves-sc-hc-verdict-vedanta-donations","url_meta":{"origin":49578,"position":2},"title":"BJP moves SC against HC verdict on Vedanta donations","author":"Legal India Admin","date":"November 21, 2014","format":false,"excerpt":"The Supreme Court today issued notice to Centre and Election Commission on BJP's plea challenging Delhi High Court's verdict holding the ruling party along with Congress prima facie guilty of violating the foreign funding law by receiving donations from UK-based Vedanta Resources' subsidiaries. Agreeing to hear the appeal, a bench\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49416,"url":"https:\/\/www.legalindia.com\/news\/sc-rejects-saharas-plea-put-hold-aamby-valley-auction","url_meta":{"origin":49578,"position":3},"title":"SC rejects Sahara&#8217;s plea to put on hold Aamby Valley auction","author":"Legal India Admin","date":"August 10, 2017","format":false,"excerpt":"The Supreme Court today refused to accept Sahara chief Subrata Roy's plea to put on hold the auction process of the group's project Aamby Valley in Pune district of Maharashtra. A bench of justices Dipak Misra, Ranjan Gogoi and A K Sikri said, \"The prayer of the contemnor (Roy) is\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/07\/subrata-roy_10.jpg?fit=600%2C414&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/07\/subrata-roy_10.jpg?fit=600%2C414&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/07\/subrata-roy_10.jpg?fit=600%2C414&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":52876,"url":"https:\/\/www.legalindia.com\/news\/high-court-rejects-ihcls-plea-against-tender-process-to-auction-hotel","url_meta":{"origin":49578,"position":4},"title":"High Court rejects IHCL&#8217;s plea against tender process to auction hotel","author":"Legal India Admin","date":"May 22, 2018","format":false,"excerpt":"The Delhi High Court today dismissed a plea by Tata Group-owned Indian Hotels Company Ltd (IHCL), challenging the tender procedure of the proposed auction of Delhi's Taj Mahal Hotel by the NDMC. 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