Ahmedabad Electricity Co. Ltd vs Gujarat Inns. Pvt. Ltd. And Ors

The Supreme Court held that auction purchasers of urban properties are not liable to pay arrears for power supply incurred by previous owners, as there is no specific statutory provision imposing such liability. The Court referenced Section 29 of the State Financial Corporation Act, 1951, and the Indian Companies Act, 1956, while following the precedent set in Isha Marbles v. Bihar State Electricity Board, [1995] 2 SCC 648. The appeals were dismissed, leaving open the possibility for future reconsideration of the legal principles established in the Isha Marbles case.