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The case pertains to alleged irregularities in allocation of Moira and Madhujore (North and South) coal blocks to VMPL.
The case involved VMPL and its officials in which they were accused of making false claims relating to land allocation to allegedly get undue advantage in coal block allocation.
VMPL. These ratings were under notice for withdrawal since September 29, 2010.
These rating weaknesses are partially offset by the benefits that VMPL derives from the healthy growth prospects for the passenger car segment in India.
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