MAHARASHTRA STATE ELECTRICITY BOARD AND THESTATE OF MAHARAS vs NAGPUR ELECTRIC LIGHT AND POWER COMPANY LTD.& ANR.

The Supreme Court examined the validity of amendments made to the Nagpur Electricity Licence under Section 4(3) of the Indian Electricity Act, 1910, particularly focusing on the interpretation of the option to purchase the undertaking. The Court held that the amendments were legally valid and clarified that the option to purchase was exercisable after ten years or on May 4, 1957, as amended. The Court upheld the notice issued under Section 6 of the Act for the purchase of the undertaking by the State Electricity Board, affirming the legality of the amendments and the notice.