Supreme Court of India
Power Grid Corporation of India v. Tamil Nadu Generation and Distribution Co. Ltd. & Ors. Etc. Etc
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1 Supreme Court bench has cited this judgment.
From the headnote
Electricity Regulatory Commission Act, 1998 – Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2001 – rr. 1.3 and 1.7 – Foreign Exchange Rate Variation (FERV) between debt and equity – Apportionment of – Appellant contended that any foreign exchange get added to the capital cost and not individually to debt or equity – It was further contended that this capital cost is thereafter divided into debt and equity, on the basis of a normative debt-equity ratio – As a natural corollary, even the FERV needs to be apportioned both towards debt and equity – Held…
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