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Supreme Court Allows Appeals by DISCOMs and Generating Companies in Electricity Tariff Dispute — Change in Law Compensation for Coal Shortfall Must Be Computed Based on Actual GCV and SHR as per PPAs.

The judgment involves two civil appeals concerning the determination of compensatory tariff for Change in Law events under long-term Power Purchase Ag...

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Supreme Court Allows Appeal in Arbitration Case, Reinstating District Judge's Decision Upholding Arbitral Award. High Court Exceeded Jurisdiction Under Section 37 of Arbitration and Conciliation Act, 1996 by Re-evaluating Evidence and Decreeing Claim, Contrary to Limited Scope of Judicial Review.

The dispute originated from a contract dated 4 April 2002 between Punjab State Civil Supplies Corporation Ltd and M/s Ramesh Kumar and Company for the...

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Bombay High Court Allows Petition Challenging Disqualification in Tender for Supply of Micronutrient Supplements Due to Arbitrary Evaluation. Court Sets Aside Rejection of Technical Bid and Directs Re-evaluation with Transparency.

The petitioner, M/s. Pharmaveda (I) Pvt. Ltd., a manufacturer of specialty food products including dietetic foods, challenged its disqualification in ...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Supreme Court Quashes High Court's Retrospective Enhancement of Retirement Age in Service Regulations Case. High Court Exceeded Judicial Review Limits by Ordering Retrospective Effect from 2002 for Age Enhancement Under UP Industrial Area Development Act, 1976 and NOIDA Regulations, 1981.

The dispute arose from the enhancement of the retirement age for employees of the New Okhla Industrial Development Authority (NOIDA) from 58 to 60 yea...