BIHAR STATE ELECTRICITY BOARD vs THE PATNA ELECTRIC SUPPLY CO. LTD.

The Supreme Court ruled that PESCO is entitled to a sum of Rs. 36.59 lakhs, provided it can prove payment to the Bank of India, as per the liabilities recorded in its accounts. The Court emphasized that the consumer dues calculated for PESCO's asset valuation cannot be contested by BSEB at this stage. Additionally, PESCO is entitled to interest on the amount, contingent upon filing the necessary documentation. The judgment clarifies the obligations of both parties regarding the payment and documentation required to substantiate claims.