https://www.taxtmi.com/caselaws?id=188633 Industrial units induced to establish themselves on the basis of a State assurance of uninterrupted electricity supply were entitled to the full benefit of that promise. Although the State retained regulatory power under the Indian Electricity Act, 1910, that power could not be used to dilute the assurance by granting compensatory extension only for supply shortfalls of 50% or more. The Court held that even a lesser disruption could materially affect continuous-process industries, making the restricted relief unreasonable and unfair. The State was therefore required to extend the incentive period for every day on which the assured 100% supply was not provided, and the High Court's order was set aside. en-us Thu, 06 Feb 2014 00:00:00 +0530 Sat, 10 Dec 2016 10:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188633 Industrial units induced to establish themselves on the basis of a State assurance of uninterrupted electricity supply were entitled to the full benefit of that promise. Although the State retained regulatory power under the Indian Electricity Act, 1910, that power could not be used to dilute the assurance by granting compensatory extension only for supply shortfalls of 50% or more. The Court held that even a lesser disruption could materially affect continuous-process industries, making the restricted relief unreasonable and unfair. The State was therefore required to extend the incentive period for every day on which the assured 100% supply was not provided, and the High Court's order was set aside. Case-Laws Indian Laws Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188633