https://www.taxtmi.com/caselaws?id=375846 Article 13 of the PPAs was construed to require tariff adjustment from the date of the change in law and to apply a restitutionary standard that restores the affected party to its pre-change economic position. On that reading, the entitlement to compensation arose from the contract itself, not from any free-standing equitable claim. Because reimbursement from the effective date was part of the contractual compensation mechanism, carrying cost was also included to ensure restitution was complete. The appellate decision was upheld, and the compensation regime was held to cover carrying cost for the delayed reimbursement period. en-us Mon, 25 Feb 2019 00:00:00 +0530 Fri, 22 Aug 2025 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375846 Article 13 of the PPAs was construed to require tariff adjustment from the date of the change in law and to apply a restitutionary standard that restores the affected party to its pre-change economic position. On that reading, the entitlement to compensation arose from the contract itself, not from any free-standing equitable claim. Because reimbursement from the effective date was part of the contractual compensation mechanism, carrying cost was also included to ensure restitution was complete. The appellate decision was upheld, and the compensation regime was held to cover carrying cost for the delayed reimbursement period. Case-Laws Indian Laws Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375846