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APL No. 34 OF 2017 & IA No. 403 OF 2017 & IA No. 487 OF 2017 |
APL No. 34 OF 2017 & IA No. 403 OF 2017 & IA No. 487 OF 2017 |
M/s. Suryachakra Power Corporation Ltd. Vs Electricity Department, Andaman and Nicobar Administration & Ors |
M/s Suryachakra Power Corporation Limited has challenged the Commission’s Tariff Order dated 13.01.2017 wherein the Commission has considered the project cost of Rs 74.96 crore fixed by the Hon’ble Supreme Court of India and directed the Appellant to pay Rs 9,67,07,816/- to the ED, A&N Admn. & others. The Tribunal granted stay of the Commission’s Order dated 13.01.2017 and directed M/s SPCL to furnish Bank Guarantee of R 9,67,07,816/- within 30 days. Subsequently, the tribunal vacated the stay as M/s SPCL failed to furnish the Bank Guarantee and granted liberty to Electricity Department A&N Administration to take suitable action for recovery of the said amount. |
21/05/2020 |
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