https://www.taxtmi.com/caselaws?id=175662 Section 49 of the Electricity (Supply) Act, 1948 was treated as valid because it authorises a Board to fix terms and tariffs, including security deposit conditions, subject to the Act and regulations. A consumption security deposit was characterised as a running advance tied to the billing cycle, not a fixed deposit, so no interest obligation arose under the statute, contract, common law, equity, or the Interest Act, 1978. The no-interest condition and enhancement of additional security deposit were upheld as rational measures linked to prompt payment of electricity dues and protection of the Board's finances, and were not found arbitrary, unconscionable, or violative of Article 14. en-us Thu, 15 Apr 1993 00:00:00 +0530 Tue, 01 Dec 2015 17:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175662 Section 49 of the Electricity (Supply) Act, 1948 was treated as valid because it authorises a Board to fix terms and tariffs, including security deposit conditions, subject to the Act and regulations. A consumption security deposit was characterised as a running advance tied to the billing cycle, not a fixed deposit, so no interest obligation arose under the statute, contract, common law, equity, or the Interest Act, 1978. The no-interest condition and enhancement of additional security deposit were upheld as rational measures linked to prompt payment of electricity dues and protection of the Board's finances, and were not found arbitrary, unconscionable, or violative of Article 14. Case-Laws Indian Laws Thu, 15 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175662