Kanpur Elect.Supply Co.Ltd.& Anr vs M/S L.M.L.Limited & Ors

The Supreme Court addressed the issue of load reduction for a sick industrial company under the U.P. Industrial Undertaking (Special Provisions for Prevention of Unemployment) Act, 1966, and the Sick Industrial Companies (Special Provisions) Act, 1985. The Court held that the agreement for load reduction must comply with the Electricity Supply Code, 2005, and that the company was entitled to have its electricity bill adjusted according to the reduced load. The Court emphasized the importance of adhering to statutory provisions in the context of industrial rehabilitation and the rights of sick companies.