Bombay High Court Addresses Jurisdictional Clash Between Forward Markets Commission and Central Electricity Regulatory Commission Over Electricity Futures Trading. The Court Considered Whether the Electricity Act, 2003 Overrides the Forward Contracts (Regulation) Act, 1952, and Whether the Power Market Regulations 2010 Framed by CERC Were Ultra Vires.
7 Feb 2011The matter involved two writ petitions being heard together by the Bombay High Court, arising from a jurisdictional conflict between two regulatory bo...
