Author
Founder Partner of SunLegal a boutique law firm based in New Delhi
In 2015 Government of India enacted the Coal Mines (Special Provisions) Act, 2015 (CMSP Act), which provided the mechanism to auction and/or allot coal and lignite mines under the provisions of the Act. Thereafter, the Press Note 4 of 2019, issued by the Central Government, amended FDI Policy 2017, to permit 100% FDI under automatic route in coal mining activities, including associated processing infrastructure subject to the Act and other Applicable Laws, for sale of coal.
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In this article, we examine the effects of COVID-10 on project contracts and how this unusual risk could be allocated between the parties and how best the companies can address this enormous challenge.
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