Rattanindia Power Limited vs Maharashtra State Electricity ...

The Supreme Court examined whether the appellate tribunal erred in disallowing carrying costs on a compounding interest basis to RattanIndia Power Limited under the Electricity Act, 2003. The case involved long-term power purchase agreements and claims for compensation due to change in law events. The court analyzed the contractual provisions and statutory framework, ultimately holding that the tribunal's decision was incorrect and that RPL was entitled to the carrying costs as claimed. The judgment emphasizes the importance of honoring contractual rights and statutory provisions in power sector disputes.