Question : Merger or Acquisition of Coal Companies

(a) whether the merger or takeover of some of the debt ridden coal companies has taken place recently and if so, the details thereof;

(b) the details of rules and procedure for companies for merger and takeover in cases where they are already facing Central Bureau of Investigation (CBI) probe;

(c) whether the Government agencies have given clearance to those companies'' merger or takeover in the coal sector and if so, the details thereof;

(d) whether the facts of cases against such companies were looked into and if so, the details thereof; and

(e) whether the issues like bank''s Non-Performing Assets (NPAs) and small investors'' interests were also looked into and if so, the details thereof?

Answer given by the minister

THE MINISTER OF CORPORATE AFFAIRS (SHRI ARUN JAITLEY)

(a): No Madam. There has been no case of merger or takeover of the debt ridden coal companies from 01.04.2017 till date.

(b) to (e): Does not arise.
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