IN THE APPELLATE TRIBUNAL FOR ELECTRICITY (Appellate Jurisdiction)

APPEAL No. 168 of 2020 & IA No. 1818 of 2024 Dated: 8^th May, 2025 Present: Hon’ble Mr. Sandesh Kumar Sharma, Technical Member Hon’ble Mr. Virender Bhat, Judicial Member IN THE MATTER OF PTC India Ltd.

2^nd Floor, NBCC Tower, 15, Bhikaji Cama Place, New Delhi – 110066.

….Appellant(s)

Vs.

1. Central Electricity Regulatory Commission Through its Secretary, 3rd and 4th Floor, Chanderlok Building, 36, Janpath, New Delhi – 110001.

2. Adhunik Power and Natural Resources Ltd.

Through its Managing Director, 9B, 9^th Floor, Hansalaya Bluilding, 15, Barakhamba Road, Connaught Place, New Delhi – 110001.

3. Tamil Nadu Generation and Distribution Corporation Ltd.

Through its Chairman & Managing Director, NPKR Maligai, 6^th Floor, Eastern Wing, Anna Salai, Chennai – 600002, Tamil Nadu.

….Respondent(s)

Counsel for the Appellant(s) : Mr. Ravi Kishore Mr. Niraj Singh Ms. Prerna Singh Ms. Rajshree Chaudhary Counsel for the Respondent(s) : Mr. Deepak Khurana Mr. Vineet Tayal Mr. Abhishek Bansal Mr. Tejasv Anand for R-2 Ms. Anusha Nagarajan for R-3

JUDGEMENT

PER HON’BLE MR. SANDESH KUMAR SHARMA, TECHNICAL MEMBER

1. This Appeal has been filed by M/s. PT