‘we direct the Karnataka Mining Environment Restoration Corporation (KMERC; the SPV) to remit amount at the rate of 10% out of the 20% which has been collected from the applicant from 2019 till 31.1.2023 and the amount shall be remitted within a period of two months from today, subject to further orders passed by this court pending adjudication on all issues. The applicant will continue to remit contribution at the rate of 10%’
Sr Adv Mukul Rastogi ‘This 10% which I should get, which I have paid over the last 10 years or more, amounts to about 2400 crore’.
Seems appx 1000 crore for 4 years… Now onwards KMERC will reatin 10 % inturn reduce the WC requirements as mentioned in AR.
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