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Supreme Court stays Delhi government's CAG audit of power discoms
In a significant ruling, the Supreme Court has put a stop to the Delhi government's planned inquiry into power distribution companies. This comes in light of the government's push for a Comptroller and Auditor General (CAG) examination into the staggering Rs 38,500 crore accrued in Regulatory Assets, intended to be passed on to consumers. The court's decision followed input from the Delhi Electricity Regulatory Commission alongside private discom representatives.
TV broadcasters may move Apex Court against Delhi HC ruling on advertisement cap
TV broadcasters plan to challenge a Delhi High Court ruling in the Supreme Court. The court upheld Trai's power to limit TV ads to 12 minutes per hour. Broadcasters fear this will hurt their revenue. The Indian TV industry relies heavily on advertising income. This decision could impact their business significantly.
Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty
Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order from the state regulator.
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Vedanta Arm To Pay Rs 127-Crore Penalty As Supreme Court Rules In Favour Of Punjab State Power Corp
Vedanta further noted that TSPL's equity shares are currently in the process of being listed on the BSE and NSE.
Vedanta says Supreme Court upholds ₹127 crore penalty against Talwandi Sabo Power
Shares of Vedanta Ltd ended at ₹329.75, down by ₹4.10, or 1.23%, on the BSE.
Supreme Court agrees to hear IEX plea against power market coupling order
The Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required to respond to the appeal.
Supreme Court rules consumers not liable for unused power plant tariffs
The Supreme Court has ruled that electricity consumers are not obligated to pay tariff charges for a power plant that has stopped supplying electricity. The apex court restored a previous order against Tata Power Delhi Distribution Ltd. This decision means consumers will not bear the cost of a plant that is no longer operational.
To tax or not to tax mineral rights in India? SC to hear pleas on May 20
The Supreme Court will hear pleas on May 20 concerning legislative power to tax mineral rights, as the Centre's curative petition is pending. Previously, a nine-judge bench ruled states hold this power, dismissing review pleas. The Centre's curative petition seeks reconsideration of this verdict.
Supreme Power Equipment rises after bagging Rs 75-cr order
Supreme Power Equipment rose 3.28% to Rs 240.95 after the company received an order worth Rs 74.60 crore from a Hyderabad-based company.
500 American Soldiers Killed In War Against Iran? Security Chief Ali Larijani Makes Big Claim
Ali Larijani, who is also seen as a power broker, is one of the few people late supreme leader Ayatollah Ali Khamenei trusted to ensure the regime's survival.
Sarda Energy shares gain 8% after SC dismisses plea of unsuccessful bidders for SKS Power acquisition
The Supreme Court order has cleared the final obstacle for Sarda Energy in acquiring SKS Power.
Supreme Court says repeated challenges by unsuccessful bidders erode IBC’s framework
The SC upheld the resolution plan of Sarda Energy & Minerals Ltd for SKS Power Generation (Chhattisgarh) and dismissed appeals filed by Torrent Power, Jindal Power and Singapore-based Vantage Point Asset Management