https://www.taxtmi.com/caselaws?id=461139 A power procurement bid and PPA were treated as based on domestic coal as the primary fuel, because the bidding documents, pre-execution clarifications, LOI, executed PPA, and regulatory adoption order all reflected that common basis. The later non-availability of domestic coal and policy dilution of supply assurances were held to constitute a change in law, entitling the affected party to compensation and carrying cost on a restitutionary basis. The contractual late payment surcharge was moderated to interest at SBAR, capped at 9% per annum and compounded annually, resulting in only limited relief on that component. en-us Mon, 31 Aug 2020 00:00:00 +0530 Mon, 17 Mar 2025 10:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461139 A power procurement bid and PPA were treated as based on domestic coal as the primary fuel, because the bidding documents, pre-execution clarifications, LOI, executed PPA, and regulatory adoption order all reflected that common basis. The later non-availability of domestic coal and policy dilution of supply assurances were held to constitute a change in law, entitling the affected party to compensation and carrying cost on a restitutionary basis. The contractual late payment surcharge was moderated to interest at SBAR, capped at 9% per annum and compounded annually, resulting in only limited relief on that component. Case-Laws Indian Laws Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461139