https://www.taxtmi.com/caselaws?id=313406 The SC upheld the Appellate Tribunal's decision dismissing appeals regarding tariff reduction and liquidated damages for delayed plant commissioning. The court determined that under the Power Purchase Agreement, the Scheduled Commissioning Date was 17.10.2017 (12 months from effective date 17.10.2016), calculated using calendar months per Article 1.2.1(k). Since power injection occurred on 17.10.2017, matching the scheduled date, there was no delay. The Commission erred in applying Article 1.2.1(m) instead of 1.2.1(k) for calculating the commissioning timeline. Therefore, the tariff reduction from Rs. 6.10/kWh to Rs. 4.36/kWh and Rs. 20,00,000 damages were unjustified. en-us Mon, 03 May 2021 00:00:00 +0530 Thu, 11 Apr 2024 13:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313406 The SC upheld the Appellate Tribunal's decision dismissing appeals regarding tariff reduction and liquidated damages for delayed plant commissioning. The court determined that under the Power Purchase Agreement, the Scheduled Commissioning Date was 17.10.2017 (12 months from effective date 17.10.2016), calculated using calendar months per Article 1.2.1(k). Since power injection occurred on 17.10.2017, matching the scheduled date, there was no delay. The Commission erred in applying Article 1.2.1(m) instead of 1.2.1(k) for calculating the commissioning timeline. Therefore, the tariff reduction from Rs. 6.10/kWh to Rs. 4.36/kWh and Rs. 20,00,000 damages were unjustified. Case-Laws Indian Laws Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313406