New Delhi, Aug. 7 -- In a major relief for Delhi's power distribution companies (discoms), the Supreme Court on Wednesday allowed them to recover over Rs.27,200.37 crore in long-pending dues, known as regulatory assets, from the Delhi Electricity Regulatory Commission (DERC).

A bench of justices P.S. Narasimha and Sandeep Mehta settled the years-long dispute involving BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Ltd (BYPL) and Tata Power Delhi Distribution Ltd (TPDDL).

These companies had argued that DERC consistently under-approved tariffs over the years, preventing them from recovering costs they had legitimately incurred while supplying electricity to consumers in the national capital.

The top court ruled that unpaid dues like ...