T.N.Generation & Distbn. Corpn Ltd vs Ppn Power Gen.Co.Pvt.Ltd

The Supreme Court examined the statutory appeal under Section 125 of the Electricity Act, 2003, concerning a dispute over payments under a Power Purchase Agreement (PPA) between a generating company and an electricity purchaser. The Court held that the appellant was entitled to a rebate under the Government's notification dated 30th March, 1992, for timely payments, affirming the principle that both parties must adhere to the terms of the PPA and the rebate scheme. The appeal was dismissed, upholding the decisions of the Appellate Tribunal for Electricity and the Tamil Nadu Electricity Regulatory Commission.