Section 13
Void alienations and permitted security interests.
The Coal Mines (Special Provisions) Act, 2015
About this Act
An Act to provide for allocation of coal mines and vesting of the right, title and interest in and over the land and mine infrastructure together with mining leases to successful bidders and allottees with a view to ensure continuity in coal mining operations and production of coal, and for promoting optimum utilisation of coal resources consistent with the requirement of the country in national interest and for matters connected therewith or incidental thereto.
Any and all alienations of land and mine
infrastructure and creation of any encumbrances of whatsoever nature thereon which relate to Schedule I
coal mines, made by any prior allottee after the 25th day of August, 2014 shall be void, save and except
any registered security interest and charge over the land and mine infrastructure as registered by a bank or
a financial institution or any other secured lender.