PUNJAB STATE ELECTRICITY BOARD vs NATIOINAL THERMAL POWER CORPN. LTD. &ORS

The Supreme Court held that the High Court's interim order staying the operation of the Central Electricity Regulatory Commission's tariff norms under the Electricity Regulatory Commissions Act, 1998, was illegal as Section 16 does not empower the High Court to issue such a stay. The Court emphasized that the Commission's order was made after thorough evaluation and aimed at balancing consumer interests with the financial viability of utilities. The appeal by the Punjab State Electricity Board was allowed, and the interim order was set aside.