Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk')

Coal production up by 10.35% to 68 MT in Nov

Published: Dec 08, 2021

By TIOLCorplaws News Service

NEW DELHI, DEC 08, 2021: INDIA'S coal production increased by 10.35 % to 67.84 MT from 61.47 MT during November, 2021 as compared to Nov 2019. Additionally the total coal despatch of the country increased by 21.38% to 71.13MT during November. Out of the total production during Nov 2021, Coal India Ltd (CIL) achieved a growth of 7.60% by producing 53.80 MT, Singareni Collieries Ltd (SCCL) achieved a growth of 3.09% by producing 5.61 MT and captive blocks registered a growth of 39.68% by producing 8.43 MT of coal during November.

Total coal production up to November this fiscal stood at 353.40 Million Ton compared to 334.47MT during the previous year and 330.23 MT during the financial year 2020.  At the same time, power sector despatch indicated a growth of 25.60% to 60.29 MT. Coal based power generation during November this year has been 75620MU, indicating a growth of 8.56% in comparison to November, 2019.

Of 35 top mines for coal production 9 mines produced more than100% and another 10 mines produced more than 80% but less than 100% during November this year as per the provisional statistics of Ministry of Coal.

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