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"Cl.(12) The Captive Power Plant holder should adhere to the provisions in Section 7, 9, 10 and 11 of Part III of Electricity Act, 2003".
"The Company shall not sell generated energy to any third party."
"The power wheeled from the CPP of M/s.ARKAY Energy (Rameswaram) Limited shall be used only by the above said companies".
"There shall not be any transfer of shares held by the abovesaid 30 companies consuming power under the wheeling approval accorded to M/s.Arkay Energy (Rameswaram) Limited without the written approval of TNEB".

17. Apart from that, the letter dated 16.11.2005 addressed to the respondent (Brakes India Limited) in O.S.A.Nos.163 to 168 of 2009 by M/s.ARKAY Energy (Rameswaram) Limited, reads as follows:

"M/s.Arkay Energy (Rameswaram) Limited hereby confirms that the 26% equity required from the captive users will be maintained at all times to maintain the status of "Captive Generating Plant" and Brakes India Limited will not be called upon for any further equity investment in Arkay Energy (Rameswaram) Limited for whatever reasons".