A.No. 48 of 2019 of Lanco Amarkantak Power Limited. v. Haryana Electricity Regulatory Commission & Ors.
Case brief
What is this about?
The Appellate Tribunal allowed the appellant's appeal regarding O&M expenses, holding that the State Commission erred in denying interest on delayed payments. The Tribunal set aside the order denying interest and remanded the matter for a fresh decision, directing the Commission to determine the rate of interest expeditiously as per settled principles of equity and time value of money.
What did the court decide?
The impugned order denying interest is set aside. The matter is remitted to the State Commission to pass a fresh order granting interest on O&M expenses within four weeks.