M/S PARAMOUNT STEEL LTD. vs PUNJAB STATE ELECTRICITY BOARD

The Supreme Court addressed the issue of electricity tariff and supply voltage for induction furnace industries under the Electricity Act, 2003, particularly Section 61. The Court held that the Punjab State Electricity Board's circular mandating conversion to 66 KV supply and imposing a surcharge of 17.5% was not applicable to existing consumers as of June 1995, following recommendations from a High Powered Committee. The judgment emphasized the need to protect consumer interests and rationalize tariffs, affirming that existing consumers should not be penalized for non-conversion to higher voltage supply.