1. The petitioner is a company registered under the Companies Act, 1956. It proposed to establish a coal based power plant of 1200 MW capacity, in phases, near Korba in Chhattisgarh. Since in a coal based power plant, requirement of coal is a must, therefore, the petitioner approached the South Eastern Coal Fields Ltd. (for short 'SECL'), which is a subsidiary of Coal India Limited, and finally the petitioner and the SECL entered into a coal supply agreement dated 31-12-2005. The petitioner pleaded that as per condition given in clause 2.4 of the agreement it achieved financial closure for the first 300 MW Unit on 20-9-2005 and the same was informed to the respondents / SECL vide letter dated 4-2-2006. In further compliance of the conditions of the agreement, the petit