Supreme Court of India
State of U.P. v. The Upper Jamuna Valley Electricity Supply Co. Ltd. and Ors.
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From the headnote
Electricity Act 19/0-Sections 6 and 7- -As amended by Electricity (U.P. Amendment and Validation) Act, 1976-Constitutionality-Take over of electrical undertaking and determination of its purchase price-Under the licence granted by the State, State had a right to takeover the Electrical Undertakings at the end of its term-Amendment brought about in the Act by way of Amending Act of 1975-Changing the method or computation of compensation by introducing the concept of book value in Section 7- of the Act and not the market value-Constitutionality of Amending Act challenged-Held, that the takeover…
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