New Delhi, March 18 -- The Supreme Court on Monday dismissed a miscellaneous application filed by Adani Power Rajasthan Ltd, now merged with Adani Power Ltd, seeking to get an outstanding late payment surcharge (LPS) of Rs 1,376.35 crores from Jaipur Vidyut Vitran Nigam Limited (JVVNL).
The court action comes amid the modified 2020 judgment concerning a power purchase agreement between the two companies.
The Bench comprising Justice Aniruddha Bose and Justice Sanjay Kumar held that filing a miscellaneous application was not the appropriate legal course taken by the Power company to claim the late payment surcharge and imposed a fine of Rs 50,000 on Adani Power, to be deposited with the Supreme Court Legal Aid Committee.
The Apex Court sa...