SC stays power tribunal order on Tata Power's plea

The SC stayed till January 31 an order of the Appellate Tribunal for Electricity asking Tata Power Company to refund about Rs 451 crore.

The Supreme Court on Tuesday stayed till January 31 an order of the Appellate Tribunal for Electricity asking Tata Power Company to refund about Rs 451 crore to Reliance Energy Ltd paid as standby charges.

HT Image

A division bench of Justice B N Agrawal and Justice PP Naolekar granted a stay after Tata Power challenged the tribunal's order issued in December last year.

The Tribunal had asked TPC to refund Rs 451 crore to REL paid by the Anil Ambani group firm as standby charges for electricity supply in Maharashtra.