Gujarat Urja Vikas Nigam Limited vs Tarini Infrastructure Ltd.& Ors

The Supreme Court addressed the issue of whether the tariff fixed under a Power Purchase Agreement (PPA) is subject to review by the State Electricity Regulatory Commission under the Electricity Act, 2003. The Court held that the Regulatory Commission does have the authority to review and correct the tariff, contradicting the earlier stance of the Commission that denied such power. The appeals were decided in favor of the power producers, allowing for tariff redetermination based on changed circumstances.