Relief for Coal India as NCLAT stays two competition commission orders

The National Company Law Appellate Tribunal (NCLAT) has stayed rulings by the Competition Commission of India (CCI) that Coal India (CIL) had abused its dominant position in framing fuel supply agreements with Gujarat Heavy Chemicals and Madhya Pradesh Power Generating Company.

The CCI had in May ordered CIL to rework the fuel supply agreements, which had an empowering clause reserving the right to unilaterally terminate the agreements without any scope of review by any independent agency.  

The complaints had alleged coal meant to be supplied under the fuel supply agreements was being sold in e-auctions at a premium. Further,