Supreme Court of India
Central Transmission Utility of India Limited v. Sumit Binani
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.
What the Court ordered
We hence, affirm the impugned orders and reject the appeals.
Judgment, 26
In brief
KMPCL, a power generation company, had a Bulk Transmission Service Agreement with PGCIL (later succeeded by the appellant CTUIL) requiring a Letter of Credit and Bank Guarantee as a Payment Security Mechanism. After PGCIL issued a termination notice for failure to open an LoC, KMPCL deposited Rs.108.44 crores in cash with PGCIL in lieu of an LoC as directed by the CERC, and the termination/regulation notices were withdrawn.…
Authorities it was built on
- Bharti Airtel Ltd. v. Aircel Ltd. & Dishnet Wireless Ltd. (Resolution Professional)
- 2007 Himadri Chemicals Industries Ltd. v. Coal Tar Refining Company
- 2019 G H Standard Chartered Bank v. Heavy Engineering Corporation Ltd. & Anr.
- Jaypee Kensington Boulevard Apartments Welfare Assn. v. NBCC (India) Ltd
- 2023 M/s Vistra Itcl (india) Ltd & Ors. v. Mr. Dinkar Venkatasubramanian & Anr.
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the Supreme Court's own signed PDF — the original file as the Registry published it, not a copy somebody has watermarked or re-branded
An email address, no password.