TaxTMI 
TaxTMI 
2011 (9) TMI 1250
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....t, Adv., Mr. S.N. Terdal, Adv. For the FIMI: Mr. Sunil Dogra, Adv., Ms. Kiran Suri, Adv., Ms. Aparna Mattoo, Adv., Mr. S.J. Amith, Adv., Mr. Krishnan Venugopal, Sr.Adv., Ms. Kiran Suri, Adv., Mr. K.N. Phanindra, Adv. For the Sesa Goa: Mr. C.A. Sundaram, Sr.Adv., Ms. Kiran Suri, Adv., Mr. K.N. Phanindra, Adv., Ms. Aparna Mattoo, Adv., Mr. S.J. Amith, Adv., Ms. Kiran Suri, Adv., Mr. K.N. Phanindra, Adv., Ms. Aparna Mattoo, Adv., Mr. S.J. Amith, Adv., M/s. Suresh A. Shroff, Advs., Mr. G.N. Reddy, Adv., Mr. A.K. Sharma, Adv., Mr. Sanjay R. Hegde, Adv., Mr. Anil Kumar Mishra, Adv., Mr. Jay Savla, Adv., Mr. D. Julius Raimei, Adv., Mr. Sumit Ghosh, Adv., Ms. Renuka Sahu, Adv., Mr. Shekhar G. Devasa, Adv., Mr. Sagar Kumar Pradhan, Asdv., Mr. ....
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....mpowered Committee ['CEC', for short] dated 1st September, 2011, in which certain recommendations were made by CEC. By the said Order dated 2nd September, 2011, the recommendations of CEC dated 1st September, 2011, have been accepted, subject to certain clarifications. Learned Amicus Curiae suggests that it's recommendations may be re-produced. Accordingly, the recommendations contained in the Report dated 1st September, 2011, are being reproduced hereinbelow: "Pursuant to this Hon'ble Court's order dated 26.8.2011 this Report is being filed by the CEC regarding the modalities for sale and keeping the accounts of the sale proceeds of about 25 million MT (MMT) of the existing stock of iron ore pertaining to the various mining leases....
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....o purchased, after processing/value addition, is made available only to the steel and associate industries. No exports will be permissible; v) the physical verification of the existing stock of the iron ore will be carried out before e-auction so as to determine the quantity of iron ore of different grades physically available; vi) the terms and conditions and the procedure being followed for e-auction of low grate iron ore by the NMDC (A copy is enclosed at ANNEXURE-R-2 to this Report), with appropriate changes will be used for the purpose of eauction and delivery and transportation of the auctioned iron ore; vii) the e-permit system for the issue of transit passes (Mineral Dispatch Permit/trip sheet) will be fol....
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....this Report), presently 80% of the sale price may be disbursed to the respective lease holders and the balance 20% of the sale price may be retained; xi) a Committee comprising of Mr. Deepak Sharma, Additional Principal Chief Conservator of Forest, Karnataka Forest Department, Dr. U.V. Singh, Chief Conservator of Forest, Karnataka Forest Department and Mr. H.R. Srinivasa, Director, Mines & Geology, Government of Karnataka may be constituted (hereinafter called the 'Monitoring Committee') for dealing with the various issues related to the sale and the transportation of the existing stock of iron ore, keeping account of the sale proceeds and related issues. The above said three officers are at present functioning as Members of the Jo....
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....in the fixed deposits with the nationalized bank(s) and its disbursal as per the directions of this Hon'ble Court; (d) co-opt the respective Deputy Commissioner and the Superintendent of Police of the concerned District as special invitees for keeping an effective check on the movement of trucks carrying iron ore including surprise checks and other associated activities; and (e) to consider complaints with regard to hoarding and to debar a particular party/ industry from taking part in the e-auction if (i) the quantity of iron ore being purchased by it is found to be in excess of its actual requirement and which consequently is adversely affecting the availability of iron ore to the other eligible buyers and (ii) non compl....