crores were transferred to related parties, which are nothing but
preferential transactions to cheat the lender banks. With these averments, the
respondent sought to dismiss
power purchase transaction between the generator and obligated entity is in two forms as enumerated below:
(i) to sell the energy at preferential tariff
judis
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WA No. 1852 of 2021
preferential share capital of the two group companies. In view of the long
business relationship, the appellant ... with the aforesaid companies, he
agreed for the structured transaction during the financial years 2006-2007 and
2007-2008 and accordingly, he invested the excess
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WA No. 1852 of 2021
preferential share capital of the two group companies. In view of the long
business relationship, the appellant ... with the aforesaid companies, he
agreed for the structured transaction during the financial years 2006-2007 and
2007-2008 and accordingly, he invested the excess
rejected on this ground itself.
11. The petitioners would contend that the preferential condition,
which was in-existence in the previous tender notification has been ... impugned
tender notification and the works to be allotted are commercial transactions.
The Hon'ble Supreme Court while pointing out the limit of judicial
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