Taking note of a settlement reached between Adani Power (Mundra) Ltd and Gujarat Urja Vikas Nigam Ltd (GUVNL), the Supreme Court on Tuesday 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).
On behalf of GUVNL, Attorney General KK Venugopal told a five-judge Constitution Bench headed by Chief Justice of NV Ramana that a settlement has been reached between the state PSU and Adani Power (Mundra) Ltd on January 3. In view of the settlement, the curative petition should be disposed of and the verdict may be modified accordingly.
