UTTAR HARYANA BIJLI VITRAN NIGAM LTD. vs ADANI POWER (MUNDRA) LIMITED

The Supreme Court addressed the issue of whether the Appellate Tribunal for Electricity was correct in granting compound interest on carrying costs to Adani Power from the date of a Change in Law event. The court noted that while the appellants did not contest the entitlement to interest, they objected to the imposition of compound interest. Ultimately, the court upheld the Tribunal's decision, affirming the legality of compound interest in this context.