MANGALORE ELECTRICITY SUPPLY COMPANY LTD. vs M/S. AMR POWER PVT. LTD.

The Supreme Court ruled on the enforceability of a Power Purchase Agreement (PPA) between Mangalore Electricity Supply Company Ltd. and AMR Power Private Ltd., emphasizing the obligations under Article 6 and Article 9 of the PPA. The Court held that the Appellant's failure to adhere to the payment terms constituted a default, thereby validating the First Respondent's claims for remedy under Article 9.3.2. The judgment affirmed the necessity for compliance with contractual obligations in energy supply agreements, ultimately upholding the regulatory authority's decisions.