Dabhol Power Company vs Maharashtra State Electricity Board ...

The Supreme Court granted leave to the appellant, Dabhol Power Company, to amend the Memorandum of Appeal and issued an interim order preventing the Regulatory Commission from passing further orders on the application made by Maharashtra State Electricity Board until the appeal is decided. The Court also stayed the arbitration proceedings initiated by the appellant against the respondent and maintained the interim orders previously issued by the Commission. The enforceability of Letter of Credit No. 39/1999 is deferred for six weeks post-disposal of the appeal, with all related questions kept open.