GRID CORPN. OF ORISSA LTD. vs M/S.INDIAN CHARGE CHROME LTD.

The Supreme Court upheld the decision of the Orissa High Court regarding the dispute between GRIDCO and ICCL under the Orissa Electricity Reform Act, 1955. The Court clarified that the liability of ICCL to pay outstanding dues to GRIDCO was valid as per the agreements made, including the Memorandum of Understanding dated 15.11.1994. The Court emphasized that the regulatory framework established under the Reform Act governs such disputes, affirming the High Court's order to enforce payment of dues amounting to Rs. 24.8281 crores.