The Odisha High Court hearing on plea for extension of timeline for disposal of iron ore stocks with erstwhile lessees scheduled for 11th Nov’20 has been extended to 16th Nov’20, sources told SteelMint. The stocks, assessed at over 16 mn t, had to be cleared by 31st Oct’20. However, six former lessees got a stay by invoking the force majeur clause, citing the pandemic as an unforeseen event that stalled timely disposal of mainly low-grade stocks.
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