Supreme Court Dismisses Appeals in Electricity Sector Dispute — Prioritization of Projects Upheld. The court ruled that while Power Purchase Agreements are statutory contracts, the obligation to maintain an Escrow Account is not statutory, allowing MPEB to alter terms based on public interest....
The dispute arose from appeals filed by various Independent Power Producers (IPPs) against the Madhya Pradesh Electricity Board (MPEB) regarding the terms of Power Purchase Agreements (PPAs) and the p...




