Supreme Court upholds termination of PPA by Adani Power against Gujarat Urja VikasJuly 3 2019
The Supreme Court yesterday held that the notice of termination of a Power Purchase Agreement given by the Adani Power Mundra Limited to the Gujarat Urja Vikas Nigam Limited (GUVNL) in 2009 was legal and valid.
While setting aside the decision of the Appellate Tribunal for Electricity, the judgment rendered by the Bench of Justices Arun Mishra, BR Gavai, and Surya Kant allowed Adani Power to approach the Central Electricity Regulatory Commission (CERC) for determination of compensatory tariff for the power the company supplied to . . .
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