jacob mathew

🚨🚨DECCAN GOLD MINES LTD - IMPORTANT UPDATE 🚨🚨 👉SUPREME COURT CASE HEARING ON 25-26 FEBRUARY --ONCE THE QUESTION OF LAW IS DECIDED BY THE COURT ON 25-26 FEBRUARY, OUTCOME BECOMES CLEAR FOR ALL TAGGED AND DETAGGED CASES .👇🏻 👉I WILL TRY TO EXPLAIN THE LEGAL ISSUES IN SIMPLE WORDS-- As per the 2003 mines and minerals Act ... The rule was who explores and discovers mineral will get the rights to mine... Deccan did extensive exploration and applied for mining permissions ... Including for North Hutti block and Ganajur block ... Central Govt gave Mining Licence to Deccan for Ganajur .... However karnataka Govt gave Hutti block to Karnataka State owned Bharat gold mines... Deccan filed case in Karnataka High court... Finally matter reached supreme court... Supreme Court ruled in favour of Deccan in 2018.. I have shared the Judgement excerpts below first screenshot 👇🏻👇🏻 👉SC order clearly stated that Karnataka govt should process the mining permit in favour of Deccan as per the mineral act....Ganajur ML also required final permission of LOI from Karnataka govt.... Meanwhile the central govt amended the mineral act and made auctioning of mines compulsory... State govt babus refused to process Hutti and Ganajur once again stating that as per amended act all mines have to be auctioned... Deccan again went to high court ... High court immediately put interim stay on the blocks ... Status quo to be maintained... State cannot auction it... Karnataka State informed High court that all such similar pending matters have been taken up in the supreme court SLP... i.e. state of Karnataka vs Indocil, Dalmia cement, Shree cement etc...Deccan also joined the Indocil case SLP by impledement as an interested party... ALL THIS 👆was happening in Karnataka.. .. Meanwhile in other states like Orissa, State govt starts auctioning mines and allocates the mines to third party auction buyers.... 👉HERE COMES THE INTERESTING 😜 PART --- MOST IMPORTANT LEGAL ISSUE- In the mineral Ammendment act, there is a Savings Clause under section 10A2B.... It protects the rights of all old exploration and discoveries made by companies before 2015... DECCAN IS COMPLETELY COVERED UNDER THIS SECOND AND ALL GOLD MINES DISCOVERED BY DECCAN GOLD IS PROTECTED UNDER THIS SAVINGS CLAUSE 10A2B.... While the Indocil case was pending before a different bench, other Supreme court division bench of two judges gave several judgement in past wherein it has upheld the rights of companies under 10A2B... These judgement form precedence that protect the rights of DECCAN ... I have shared the one Judgements excerpts below in the second screenshot 👇🏻👇🏻 👉THE COURT COURT CASES LISTED ON LAST DATE ON 4TH FEBRUARY - There were primarily two sets of cases 🚨FIRST TYPE- cases similar to Our case where auction did not take place ... Only question involved is the decision based on 10a2b savings clause 🚨SECOND TYPE- Where govt has already auctioned the blocks and purchased by third party... So third party interest has already been created ... But question of law is same ... i.e. Savings clause 10a2b... Basically if govt auction is illegal and therefore third party rights are void in the eyes of law ... Therefore mine should be given back to the original explorer who discovered it 👉Supreme court on 4th February detagged and seperated both types of cases... On 25th Feb it will decide the second type of cases ... BUT THE MAIN LAW POINT THAT WILL BE DECIDED WILL BE 10A2B... ONCE IT IS DECIDED , FIRST TYPE OF CASE IS JUST A MERE FORMALITY..then Karnataka govt has to give the mining rights to Deccan ... Once Second type of case is decided on 25-26 February, the outcome of the First type becomes clear ... Markets will not wait till April to reward Deccan... DECCAN WILL RALLY.. I have shared order dated 4th February for listing Second type cases on 25 feb in the third screenshot 👇🏻