Recently, the Delhi High Court in Ovington Finance Pvt. Ltd. v. Bindiya Nagar held that the court for the purpose of extension of an arbitral tribunal’s mandate is the court that appointed the arbit...
Published On: 01/07/2017
Practice Area: Projects & Project Finance, Energy, Infrastructure & Natural Resources, Dispute Resolution
Authors:
Ran Chakrabarti
Shruti Barua
Earlier this month, the Supreme Court of India in Energy Watchdog & Ors. v/s. Central Electricity Regulatory Commission set aside the orders passed by the Appellate Tribunal for Electricity ("APTEL") dated 7 April 2016 (the "APTEL Order") and the Central Electricity Regulatory Commission ("CERC") dated 6 December 2016 (the "CERC Order") relating to compensatory tariff awards granted to certain power generating companies, mitigating an increase in costs incurred by such companies where tariffs have been determined through a process of competitive bidding.
