THE TRANSMISSION CORPN.OF A.P. vs M/S.HEMSON STEELS ALLOYS PVT.LTD..

The Supreme Court addressed the validity of the withdrawal of a 25% electricity tariff concession under Section 49 of the Electricity (Supply) Act, 1948. The Court held that the Transmission Corporation of A.P. validly withdrew the concession as the respondents did not commence production within the stipulated three-year period. The Court clarified that the State's exercise of power under Section 78A did not invalidate the Corporation's authority to grant or withdraw concessions, thus upholding the withdrawal of the concession.