JAIPUR VIDYUT VITRAN NIGAM LTD. vs ADANI POWER RAJASTHAN LTD.

The Supreme Court addressed the dispute between Jaipur Vidyut Vitaran Nigam Limited and Adani Power Rajasthan Limited regarding the Power Purchase Agreement (PPA) and the claim for increased tariff under the change in law provisions. The court emphasized that any variation in tariff must strictly adhere to the provisions outlined in the PPA. The judgment reaffirmed the binding nature of the contractual terms and the necessity for compliance with statutory regulations under the Electricity Act, 2003.