Mumbai International Airport Ltd. (MIAL) vs Airport Economic Regulatory Authority of India & Ors.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2018 Supreme(Online)(TDSAT) 17

TELECOM DISPUTES SETTLEMENT AND APPELLATE TRIBUNAL
A.K. Bhargava, Member
Mumbai International Airport Ltd. (MIAL) – Appellant
Versus
Airport Economic Regulatory Authority of India & Ors. – Respondent

Advocates:
For the Appellants/Petitioners:Mr. Krishnan Venugopal, Sr. Advocate, Ms. Amrita Narayan, Advocate, Mr. Shivendra Singh, Advocate, Mr. Ishaan Duggal, Advocate, Ms. Deepanshi Ishar, Advocate, Ms. Poonam Verma, Advocate, Ms. Apoorva Saxena, Advocate, Mr. Nishant Menon, Advocate, Ms. Kavita Sarin, Advocate, Mr. Shafiq Ahmad, Advocate
For the Respondents:Mr. Alok Dhir, Advocate, Ms. Maneesha Dhir, Advocate, Mr. K.P.S. Kohli, Advocate, Mr. Abhishek Kumar, Advocate, Ms. Sharmistha Ghosh, Advocate, Ms. Anjana Gosain, Advocate, Ms. Shalini Nair, Advocate, Ms. Rabiya Thakur, Advocate

Table of Content
1. overview of appeals and background context. (Para 1 , 2)
2. identification of issues for consideration in appeals. (Para 3 , 4)
3. history of the proceedings and established precedents. (Para 5 , 6)
4. arguments regarding taxation and circularity in the target revenue formula. (Para 8 , 9 , 10 , 11)
5. observations on corporate tax considerations by aera. (Para 12 , 13)
6. treatment of annual fees as cost elements. (Para 14 , 15)
7. fuel throughput charges and aera’s regulatory jurisdiction. (Para 16 , 18 , 19 , 20 , 21)
8. legal definitions and implications for the treatment of ftc. (Para 22 , 23 , 24 , 25)
9. determining hypothetical regulatory asset base calculations. (Para 26 , 27 , 28 , 29)
10. debate over valuation methodologies in regulatory contexts. (Para 30 , 31 , 32)
11. finalizing regulations on hrab and associated costs. (Para 33 , 34)
12. evaluation of upfront fees in equity capital calculations. (Para 35 , 36 , 37)
13. conclusions on tariff structures and regulatory compliance. (Para 39 , 40 , 41)

ORDER

By A.K. Bhargava, Member –

These bunch of four appeals have been preferred under section 18(2) of the Airport Economic Regulatory Authority of India 2008 (her

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2018 Supreme(Online)(TDSAT) 17

TELECOM DISPUTES SETTLEMENT AND APPELLATE TRIBUNALA.K. Bhargava, MemberMumbai International Airport Ltd. (MIAL) – AppellantVersusAirport Economic Regulatory Authority of India & Ors. – Respondent

TELECOM DISPUTES SETTLEMENT AND APPELLATE TRIBUNAL
A.K. Bhargava, Member
Mumbai International Airport Ltd. (MIAL) – Appellant
Versus
Airport Economic Regulatory Authority of India & Ors. – Respondent