Nabha Power Limited vs Punjab State Power Corporation Limited

The Supreme Court examined whether deemed export benefits under Para 8.3 of the Foreign Trade Policy 2009-2014 were legitimately available to the appellant as of the bid cut-off date, and whether notifications by the Directorate General of Foreign Trade constituted a 'Change in Law' under the Power Purchase Agreement. The Court also considered if the appellant was entitled to restitutionary relief such as compensation. The judgment focused on the interpretation of export benefits, notifications, and contractual clauses relating to 'Change in Law,' ultimately clarifying the legal position and entitlement to relief.