HARYANA POWER PURCHASE CENTRE vs MAGNUM POWER GEN.LTD.

The Supreme Court addressed the validity of a Power Purchase Agreement (PPA) between Haryana Power Purchase Centre and Magnum Power Generation Limited. The court upheld the decisions of the Appellate Tribunal for Electricity and the Haryana Electricity Regulatory Commission, affirming the terms of the PPA and the rights of the parties involved. The judgment clarified the conditions under which the agreement could be extended or terminated, emphasizing the importance of adhering to contractual obligations.