M/S. Adani Power Ltd vs Gujarat Electy Reg.Commission & Ors

The Supreme Court addressed the dispute arising from the termination of a Power Purchase Agreement (PPA) between a power generating company and the Gujarat state-owned purchasing company. The Court held that the appellant must continue supplying power as per the PPA until the appeal is resolved, emphasizing the need to prevent the project from becoming a Non-Performing Asset. The Court also directed that the tariff be adjusted according to CERC norms during the pendency of the appeal, thereby ensuring financial stability for the appellant while protecting consumer interests.