The Supreme Court on Tuesday took note of the settlement arrived at between Adani Power (Mundra) Ltd and the Gujarat Urja Vikas Nigam Ltd (GUVNL) and closed the curative plea of the state PSU challenging the apex court’s 2019 verdict upholding the private firm’s termination of a power purchase agreement (PPA).
A five-judge Constitution bench headed by Chief Justice N V Ramana was told by Attorney General K K Venugopal, appearing for GUVNL, that a settlement has been arrived at between the state PSU and Adani Power (Mundra) Ltd on January 3.
The top law officer said that in view of the settlement, the curative plea be closed and the verdict may be modified accordingly.
