Nuclear Power Corporation of India Ltd. (hereinafter
referred to as "NPCL") to register CMF as the owner of certain bonds ... interest payable thereon was allowed.
FACTS:
Sometime in December 1991, NPCL issued bonds of two series - 9%
tax free bonds and 17% taxable bonds. These
contentions are stated in brief hereunder:
The National Power Corporation Limited (hereinafter “NPCL”) issued bonds
of two series in December, 1991. These were ... taxable bonds. On 26.02.1992, the said bonds were allotted by NPCL to the
Andhra Bank Financial Services Limited (hereinafter “ABFSL”), respondent
no. 1 herein
contentions are stated in brief hereunder:
The National Power Corporation Limited (hereinafter “NPCL”) issued bonds
of two series in December, 1991. These were ... taxable bonds. On 26.02.1992, the said bonds were allotted by NPCL to the
Andhra Bank Financial Services Limited (hereinafter “ABFSL”), respondent
no. 1 herein
Company (for short, KESCO); and (iii) NOIDA Power Company
Ltd. (for short NPCL) filed applications before the Commission for
determination of tariff.
3. By reason
