Search Results Page
Search Results
1 - 10 of 74 (0.41 seconds)
Maharashtra State Electricity ... vs Maharashtra Electricity Regulatory ... on 8 October, 2021
cites
Section 100 in The Code of Civil Procedure, 1908 [Entire Act]
The Electricity Act, 2003
Article 13 in Constitution of India [Constitution]
Section 100 in The Electricity Act, 2003 [Entire Act]
Article 10 in Constitution of India [Constitution]
Jaipur Vidyut Vitran Nigam Ltd. vs Adani Power Rajasthan Ltd. on 31 August, 2020
142. Distinguishing the judgment of this Court in Jaipur Vidyut
Vitran Nigam Ltd v. Adani Power Rajasthan Ltd (supra) Mr.
Rohatgi argued that the issue involved in that case, was the rate at
which interest on carrying cost is to be paid. While a specific rate is
stipulated in the Power Purchase Agreement for LPS the interest on
delayed payment of carrying cost is not specified in Power Purchase
Agreement. Therefore, APTEL directed that charges for deferred
payment of carrying cost should be paid at the same rate as LPS,
since both are meant for time value of money. This was disputed in
the Appeal. This Court, keeping in view the peculiarities of the facts
of the case, where the power generator was unable to raise bills while
the question of change in law raised by the power generator was
pending adjudication before the MERC and the APTEL reduced the
rate of interest on carrying cost to 9%.