Supreme Court Dismisses Transmission Company's Appeal on FERV Apportionment - No Substantial Question of Law. The Court held that Foreign Exchange Rate Variation (FERV) need not be apportioned between debt and equity under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2001, as no legal provision mandates such apportionment.
9 May 2019The Supreme Court dismissed two civil appeals concerning the apportionment of Foreign Exchange Rate Variation (FERV) in tariff determination for trans...
