https://www.taxtmi.com/caselaws?id=188235 A power purchase agreement entered under an enabling electricity framework was not wholly a statutory contract, because the escrow arrangement was a contractual security mechanism dependent on further agreement; no immediate enforceable right to escrow coverage arose. The electricity board could revise project prioritisation and invite fresh offers on a least-tariff basis where financial closure, escrow capacity, and lender requirements remained unresolved, and such policy choice was not shown to be mala fide or arbitrary. Prioritisation of the selected projects was upheld, but the priority accorded to the Pench project was quashed and the matter remitted for fresh consideration. en-us Wed, 16 Feb 2000 00:00:00 +0530 Tue, 22 Nov 2016 17:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188235 A power purchase agreement entered under an enabling electricity framework was not wholly a statutory contract, because the escrow arrangement was a contractual security mechanism dependent on further agreement; no immediate enforceable right to escrow coverage arose. The electricity board could revise project prioritisation and invite fresh offers on a least-tariff basis where financial closure, escrow capacity, and lender requirements remained unresolved, and such policy choice was not shown to be mala fide or arbitrary. Prioritisation of the selected projects was upheld, but the priority accorded to the Pench project was quashed and the matter remitted for fresh consideration. Case-Laws Indian Laws Wed, 16 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188235