In Brief
The Federation of Indian Industries sought to replace the Supreme Court-appointed Monitoring Committee's regulated e-auction system for iron-ore sales in Karnataka with a private e-platform. The Court rejected this request, noting that despite the Central Empowered Committee's view that the regulatory scheme's basic objectives had been achieved, the extraordinary circumstances of past illegal mining, environmental destruction, and massive revenue leakage necessitate maintaining the current controlled mechanism. The Court observed that normalcy in trading must wait until completion of related remedial aspects, including environmental restoration schemes, currently under its consideration.
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