APPELLATE TRIBUNAL FOR ELECTRICITY AT NEW DELHI (APPELLATE JURISDICTION)

APPEAL No. 267 OF 2019 Dated: 5^th December, 2024 Present: Hon’ble Mr. Justice Ramesh Ranganathan, Chairperson Hon’ble Ms. Seema Gupta, Technical Member (Electricity)

In the matter of:

PTC INDIA LIMITED

2^nd Floor, NBCC Tower, Bhikaji Cama Place, New Delhi – 110016. …Appellant VERSUS

1. PUNJAB STATE ELECTRICITY REGULATORY COMMISSION Through its Secretary SCO 220-221, Sector 34A, Chandigarh – 160022.

… Respondent No.1

2. PUNJAB STATE POWER CORPORATION LIMITED Chief Engineer/ARR & TR The Mall, PSEB Head Office, Baradari Patiala – 147001, Punjab. … Respondent No.2

3. EVEREST POWER PRIVATE LIMITED Through its Chairman & Managing Director

1^st Floor, Plot No. 143-144, Udyog Vihar, Phase-IV Gurgaon – 122015, Haryana. … Respondent No.3 Counsel for the Appellant(s) : Mr. Amit Kapur Akshat Jain Avdesh Mandloi Abhimanyu Maheshwari Shikhar Verma Rishabh Bhardwaj Sayan Ghosh Counsel for the Respondent(s) : Gargi Kumar for Res.1 Anand G. Ganesan Swapna Seshadri Amal Nair Ashwin Ramanathan for Res.2 Parinay Deep Shah Kartik Sharma Ritika Singh for Res.3 JUDGEMENT PER HON’BLE MR. JUSTICE RAMESH RANGANATHAN, CHAIRPERSON I. INTRODUCTION:

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