https://www.taxtmi.com/caselaws?id=215023 The Forward Contracts (Regulation) Act, 1952 and the Electricity Act, 2003 operate in distinct but overlapping fields, and neither confers exclusive jurisdiction over futures and forward contracts in electricity. The High Court held that the Electricity Act's power to develop the power market does not authorise the Central Electricity Regulatory Commission to assume sole control over electricity futures, while the forward contracts regime also does not displace electricity regulation altogether. The impugned orders and the 2010 Power Market Regulations were therefore inoperative and unsustainable to the extent they sought to regulate futures and forward contracts in electricity, though the broader statutory domains of both enactments remained undisturbed. en-us Mon, 07 Feb 2011 00:00:00 +0530 Wed, 16 May 2012 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215023 The Forward Contracts (Regulation) Act, 1952 and the Electricity Act, 2003 operate in distinct but overlapping fields, and neither confers exclusive jurisdiction over futures and forward contracts in electricity. The High Court held that the Electricity Act's power to develop the power market does not authorise the Central Electricity Regulatory Commission to assume sole control over electricity futures, while the forward contracts regime also does not displace electricity regulation altogether. The impugned orders and the 2010 Power Market Regulations were therefore inoperative and unsustainable to the extent they sought to regulate futures and forward contracts in electricity, though the broader statutory domains of both enactments remained undisturbed. Case-Laws Indian Laws Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215023