Supreme Court of India
M. P. Power Management Company Ltd. v. Renew Clean Energy Pvt. Ltd. & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Contract – Termination of Contract – Appellant issu ed a Request for Proposal (RFP) for long term procurement of 300 MV power from Grid connected Solar Energy Sources thro ugh tariff based competitive bidding – Respondent no.1 was sel ected – Pursuant thereto, Power Purchase Agreement (PPA) was ex ecuted between the appellant and respondent no.1 for sale and procurem ent of solar power, for which, respondent no.1 submitte d bank guarantee – Respondent no.1 was unable to fulfill p rescribed conditions within stipulated period – Consequently, PPA terminat ed by the appellant and further,
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