STOCK MARKET UPDATE

Ticker

6/recent/ticker-posts

Adani Power, Rajasthan Tussle Heats Up: Supreme Court to Hear Disputed Case

 The Supreme Court will hear a controversial application filed by Adani Power Rajasthan Limited (APRL) on Wednesday, following objections from the Rajasthan government's Jaipur Vidyut Vitran Nigam Ltd (JVNL). The dispute centers on a Rs 1,376-crore late-payment surcharge (LPS) demanded by APRL, which JVNL claims has already been settled based on a previous Supreme Court judgment in August 2020.

Key Points:

  • APRL filed a miscellaneous application in January 2023 demanding Rs 1,376.35 crore as LPS from JVNL for delayed payments.
  • JVNL objected, arguing that the 2020 Supreme Court judgment had already ruled against the surcharge claim.
  • The application's sudden deletion from Tuesday's list raised concerns about "institutional integrity" of the court registry.
  • Senior advocate Dushyant Dave, representing JVNL, questioned the application's maintainability and accused the registry of defying court orders.
  • The Supreme Court acknowledged the issue and listed the case for hearing as the first item on Wednesday.

Concerns and Implications:

  • The case raises questions about transparency and potential interference in court proceedings.
  • Dave's accusation against the registry highlights the need for upholding judicial authority and accountability.
  • The outcome could have financial implications for both parties and set a precedent for similar disputes.

Additional Information:

  • The PIL petitioner's case, also facing listing issues despite a court order, further emphasizes concerns about procedural irregularities.
  • JVNL's earlier letter to the Supreme Court Secretary-General expressed serious concerns about the application's implications for the court's institutional integrity.

It remains to be seen how the Supreme Court will address the application's maintainability, the alleged registry issue, and ultimately, the LPS dispute between APRL and JVNL. This case has significant implications for both parties, the court's authority, and the broader legal landscape in India. 

(With input from news agency language)
 If you like this law news, share it with a friend! 




Post a Comment

0 Comments

Custom Real-Time Chart Widget

'; (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })();

market stocks NSC