Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases  ||  SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension  ||  SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace  ||  SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat  ||  SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism  ||  SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance  ||  NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses  ||  NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe  ||  SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets  ||  Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies    

Tata Steel Limited and Ors. v. Union of India and Ors. - (High Court of Jharkhand) (17 Sep 2015)

High Court upholds payments demanded by Government for mining leases

MANU/JH/1113/2015

Commercial

Holding that renewal of mining leases was subject to fulfillment of conditions of approval, the Court rejected Petitioners’ petitions against monies demanded by the government. It reiterated that the revenue earned was part and parcel of the development of the State and any restraint on it would profoundly affect the interest of the public at large. The Petitioners had accepted renewal of their leases aware of the payments required, and had failed to establish a case that the same were egregious. The Court directed Tata Steel to furnish payments in three instalments, with the last due in December, 2015.

Tags : MINING   LEASE   CONDITIONS   INSTALMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved