Tag: India: Supreme Court Allows MESCO to Sell Ore Inventories through OMC

In a major relief, Supreme Court allowed MESCO to sell 2.35 MnT iron ore inventory lying at mines head through Odisha Mining Corporation Limited (OMC).under the supervision of an authority appointed by the State Government, and the sale proceeds mandatorily being deposited with the Special Purpose Vehicle (OMBADC). CEC’s recommendation stated OMC may be paid…