electricity law

coal shortage costs
Case BriefsSupreme Court

Supreme Court reaffirmed that none of the DISCOMs, including GRIDCO could claim priority for power supply based on the date of their agreements or based on any specific coal allocation reference. The principle to be followed was that coal supply must be proportionately allocated among the DISCOMs based on the quantum of energy supplied to them.

BESCOM
Case BriefsTribunals/Commissions/Regulatory Bodies

“It is an established legal principle that any administrative action / order does not absolve a party to a valid and subsisting Power Purchase Agreement from discharging its obligation under the PPA.”

saurabh binsal
Appointments & TransfersNews

EBC Author and Partner at Fox Mandal & Associates, Saurabh Bindal has been appointed as an Adjunct Professor of Law at Manipal

commercial contracts
Case BriefsSupreme Court

Supreme Court said that a deviation from the plain terms of the contract is warranted only when it serves business efficacy better

central electricity regulatory commission
Case BriefsTribunals/Commissions/Regulatory Bodies

In accordance with Regulation 3(3) of the Trading Licence Regulations, for a person applying for Category `IV`, a trading licence should have a net worth of Rs. 10 crore and should have maintained minimum current ratio and liquidity ratio of 1:1, as on date of audited balance sheet accompanying the application.

change in law
Case BriefsSupreme Court

Supreme Court has requested the Union of India along with Ministry of Power to evolve a mechanism so as to ensure timely payment by the DISCOMS to the Generating Companies, which would avoid huge carrying cost to be passed over to the end consumers.