Supreme Court ruled that Competition Act applies to PSUs, including Coal India

The Supreme Court ruled that Competition Act, 2002 applies to PSUs and they cannot be treated differently. The ruling came after a batch of appeals of Coal India Limited was heard by the Bench led by Justice KM Joseph. CCI has imposed a penalty of 1733 crore on Coal India for abusing its dominant position in terms of production and supply of non-coking coal to thermal producers. The case went to COMPAT where the penalty was reduced to 591 crores. The Supreme Court now ruled that the issue should be decided on merits.

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