M/S Sundew Properties Limited vs Telangana State Electricity ...
Judges (2)
Case Significance
M/S Sundew Properties Limited vs Telangana State Electricity ... is a Supreme Court of India decision dated May 17, 2024 (citation: insc-2024-439). A Special Economic Zone developer for IT/ITES in Hyderabad challenged a TSERC condition requiring its promoters to infuse additional capital of Rs. 26.90 crore as a precondition for deemed distribution licensee status under the Electricity Act, 2003. The Supreme Court held that being a SEZ developer does not automatically confer deemed licensee status without an application, but the additional capital infusion condition imposed by TSERC was not justified under the statutory scheme. The appeal The bench comprised Justices Dipankar Datta and Sanjiv Khanna. The judgment was delivered by Justice Dipankar Datta.
Summary
A Special Economic Zone developer for IT/ITES in Hyderabad challenged a TSERC condition requiring its promoters to infuse additional capital of Rs. 26.90 crore as a precondition for deemed distribution licensee status under the Electricity Act, 2003. The Supreme Court held that being a SEZ developer does not automatically confer deemed licensee status without an application, but the additional capital infusion condition imposed by TSERC was not justified under the statutory scheme. The appeal was partly allowed, modifying the TSERC order to exclude the capital infusion condition.
What was the outcome of M/S Sundew Properties Limited vs Telangana State Electricity ...?
A Special Economic Zone developer for IT/ITES in Hyderabad challenged a TSERC condition requiring its promoters to infuse additional capital of Rs. 26.90 crore as a precondition for deemed distributio...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-439)