Karnataka Power Transmission Corporation Limited vs JSW Energy Limited (Earlier Known As Jindal Thermal Power Company Limited & Jindal Tractabel Power Company Limited)

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2022 Supreme(SC) 1182

K. M. JOSEPH, ANIRUDDHA BOSE, HRISHIKESH ROY
Karnataka Power Transmission Corporation Limited – Appellant
Versus
JSW Energy Limited (Earlier Known As Jindal Thermal Power Company Limited & Jindal Tractabel Power Company Limited) – Respondent

Advocates appeared:
For the Parties : Mr. S. S. Naganand, Sr. Adv. Mr. Raghavendra S. Srivatsa, AOR Mr. Venkita Subramoniam T.R., Adv. Mr. Pai Amit, Adv. Mr. Likhi Chand Bonsle, Adv. Ms. Komal Mundhra, Adv. Mr. Saurabh Agrawal, Adv. Mr. Rahat Bansal, Adv. Mr. V. N. Raghupathy, AOR Mr. Mahendra Pal Gupta, Adv. Mr. Dhanesh Ieshdhan, Adv. Mr. Dhiraj Abraham Philip, Adv. Mr. Rahul Prasanna Dave, AOR Mr. L. Vishwanathan, Adv. Mr. Ramanuj Kumar, Adv. Mr. Sumit Attri, Adv. For M/S. Cyril Amarchand Mangaldas, AOR

Table of Content
1. overview of the parties involved and nature of the appeals. (Para 1 , 2 , 3 , 4)
2. details of the power purchase agreements and negotiations. (Para 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15)
3. government approvals and relevant statutory provisions. (Para 18 , 19 , 20)
4. judicial analysis on concluded contracts and tariffs. (Para 30 , 41 , 60)
5. final decision and order by the court. (Para 118 , 119)

JUDGMENT :

K.M. JOSEPH, J.

1. Leave granted. Being connected, the appeals are being disposed of by a common judgment.

2. The appellant, in appeal arising out of SLP (C) No. 18607/04, is the Karnataka Power Transmission Corporation Limited and hereinafter referred to as ‘the appellant’.

3. By the impugned judgment, the High Court has allowed Miscellaneous First Appeal No. 4795 of 2002 filed by the first respondent herein, viz., JSW Energy Ltd., earlier known as Jindal Thermal Power Company Limited (hereinafter referred to as the first respondent). The appeal was filed by first respondent under Section 41 of the KARNATAKA ELECTRICITY REFORMS ACT , 1999 (hereinaft

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2022 Supreme(SC) 1182

K. M. JOSEPH, ANIRUDDHA BOSE, HRISHIKESH ROYKarnataka Power Transmission Corporation Limited – AppellantVersusJSW Energy Limited (Earlier Known As Jindal Thermal Power Company Limited & Jindal Tractabel Power Company Limited) – Respondent

Cases Referred (12)

K. M. JOSEPH, ANIRUDDHA BOSE, HRISHIKESH ROY
Karnataka Power Transmission Corporation Limited – Appellant
Versus
JSW Energy Limited (Earlier Known As Jindal Thermal Power Company Limited & Jindal Tractabel Power Company Limited) – Respondent