Telangana High Court Upholds ₹4.2 Crore Power Dues on Hayathnagar Company

Telangana High Court Upholds ₹4.2 Crore Power Dues on Hayathnagar Company

The Telangana High Court dismissed a writ appeal filed by Sanghi Polymers Private Limited challenging a demand of over ₹4.21 crore raised by the state electricity board towards Grid Support Charges and interest for the period between 2002 and 2009.

The Court said electricity and water are vital public resources involving significant public investment and must be used responsibly.

It held that the company was bound by its 2020 agreement, undertaking to comply with government regulations and pay applicable tariffs. The Court also ruled that the demand was not time-barred, as the legality of such charges was settled by the Supreme Court only in 2019.

The company was directed to pay ₹1.03 crore as principal along with ₹3.17 crore as interest.

[Sanghi Polymers Pvt. Ltd. v. Telangana State Electricity Board]

Read Details / 3 months ago

 MahiraBookmark