T.N.GENERATION & DISTBN. CORPN LTD. vs PPN POWER GEN.CO.PVT.LTD.

The Supreme Court, in its judgment under Section 125 of the Electricity Act, 2003, upheld the decision of the Appellate Tribunal for Electricity, which dismissed the appeal of T.N. Generation & Distribution Corporation Ltd. against PPN Power Generation Co. Pvt. Ltd. The Court established that the Power Purchase Agreement (PPA) required the respondent to submit annual invoices, and the appellant's deductions for rebates were valid as they were made within the stipulated time. The Court affirmed the lower courts' findings regarding the nature of payments and adjustments made by both parties, leading to the dismissal of the appeal.