Court Discharges Monet Ispat From CBI's Coal Scam Case Following Amalgamation With JSW Steel: Delhi Court

In a significant legal development, a Delhi court on Tuesday discharged Monet Ispat, now amalgamated with JSW Steels, from an ongoing investigation by the Central Bureau of Investigation (CBI). The CBI had previously accused the company of criminal conspiracy and criminal breach of trust under the Indian Penal Code (IPC), relating to alleged irregularities in the allocation and operation of coal blocks. Background of the Case and Allegations The CBI…