Pepsico India Holding Pvt.Ltd vs State Of Maharashtra & Ors

The Supreme Court ruled that the Maharashtra Industrial Development Corporation (MIDC) is authorized under Clause 27 of the Water Supply Regulations, 1973 to fix and modify water charges, provided that consumers are given one month's notice. The Court held that the retrospective application of increased water charges is permissible under the regulations, affirming the High Court's decision that the appellant, PepsiCo India Holdings Pvt. Ltd., is liable to pay the increased charges. The judgment clarifies the legal standing of MIDC in relation to water supply agreements and consumer obligations.