Closing contempt proceedings initiated by Adani Power against three Rajasthan state-run distribution companies and their top brass, the Supreme Court (SC) on Tuesday noted that the discoms had paid over Rs 5,996 crore towards full and final payments in compliance with its earlier August 31, 2020 and February 25, 2022 orders.<\/p>\n
Rejecting Adani\u2019s plea for further payment of Rs 1,300 crore, which it claimed to be the shortfall towards late payment surcharge, a bench led by Justice Vineet Saran said that the issue is left open and can be claimed before an appropriate forum. On February 25, the Supreme Court had asked the three Rajasthan state-run distribution companies to pay the balance Rs 3,048 crore with 9% interest to compensate for higher fuel costs.<\/p>\n
Adani senior counsel AM Singhvi argued that the discoms have paid a total of Rs 59,996 crore till November last year, but the company had not received any further payment towards compensatory tariff for recovery of the higher cost of imported coal.<\/p>\n","protected":false},"excerpt":{"rendered":"
Closing contempt proceedings initiated by Adani Power against three Rajasthan state-run distribution companies and their top brass, the Supreme Court (SC) on Tuesday noted that the discoms had paid over Rs 5,996 crore towards full and final payments in compliance with its earlier August 31, 2020 and February 25, 2022 orders. Rejecting Adani\u2019s plea for further payment of Rs 1,300 crore, which it claimed to be the shortfall towards late payment surcharge, a bench led by Justice Vineet Saran said that the issue is left open and can be claimed before an appropriate forum. On February 25, the Supreme Court […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-485636","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=485636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=485636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=485636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=485636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}