Deja Vu: Coal blocks headed the 2G way?

The 263-page order by the apex court indicts both BJP and Congress-led governments who were in-charge for the 16 year period. The court goes on to say the screening committee has never been consistent or transparent resulting in unfair distribution of national wealth.

Metal stocks went into a tizzy after the Supreme Court pronounced that coal blocks allocated between 1993 and 2009 are illegal and unconstitutional.

However, court stopped short of scrapping the allocation for the moment. It will hear arguments on September 1 to decide on the consequences of the illegality.

Remember, the CAG report in 2012 alleged windfall gains of Rs 1.8 lakh crore to private companies in coal block allocation.

The government seems to believe that auction is the best way forward and they want the Supreme Court to expedite its verdict. CNBC-TV18's Sapna Das gives us a sense of what the finance ministry is thinking at the moment.