Gujarat Urja Vikas Nigam Ltd vs Essar Power Limited

The Supreme Court addressed an appeal under Section 125 of the Electricity Act, 2003, challenging the Appellate Tribunal for Electricity's decision that reversed the Gujarat Electricity Regulatory Commission's ruling in favor of Gujarat Urja Vikas Nigam Ltd. The Court held that the interpretation of the Power Purchase Agreement (PPA) dated 30th May 1996 was crucial, particularly regarding the allocation of electricity between the appellant and Essar Steel Ltd. The Court affirmed the Commission's findings, emphasizing the need for adherence to the agreed allocation ratios as stipulated in the PPA.