https://www.taxtmi.com/caselaws?id=465660 An express contractual termination clause cannot be narrowed by implying a requirement that both parties agree on breach, where the plain text allows termination by either party on non-fulfilment of conditions subsequent. The Court gave effect to the specific clause requiring execution of a fuel supply agreement within time and held that the termination notice was valid, because reading in a prior mutual agreement on default would rewrite the contract and make the clause redundant. After upholding termination, the tariff payable post-termination was left to the statutory regulatory mechanism, with the dispute remitted to the Central Electricity Regulatory Commission for determination and related adjustments. en-us Tue, 02 Jul 2019 00:00:00 +0530 Sat, 09 May 2026 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465660 An express contractual termination clause cannot be narrowed by implying a requirement that both parties agree on breach, where the plain text allows termination by either party on non-fulfilment of conditions subsequent. The Court gave effect to the specific clause requiring execution of a fuel supply agreement within time and held that the termination notice was valid, because reading in a prior mutual agreement on default would rewrite the contract and make the clause redundant. After upholding termination, the tariff payable post-termination was left to the statutory regulatory mechanism, with the dispute remitted to the Central Electricity Regulatory Commission for determination and related adjustments. Case-Laws Indian Laws Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465660