CERC: Petition for creation of security interest over all movable and immovable assets of Anantapur II REZ Transmission

Petition under Section 17(3) and 17(4) of the Electricity Act, 2003 for creation of security interest over all the movable and immovable assets of the Petitioner in favour of Catalyst Trusteeship Limited, Respondent No. 2 for the benefit of the lender, Respondent No. 3.

Anantapur II REZ Transmission Limited

Versus

Central Transmission Utility of India Limited, Catalyst Trusteeship Limited, & Power Finance Corporation Limited

Background:

The Petitioner, Anantapur II REZ Transmission Limited (hereinafter referred to as ‘the Petitioner/ ARTL’), has been granted a transmission licence under Section 14 of the Electricity Act, 2003 (hereinafter referred to as ‘the Act’) to develop the Inter-State Transmission System viz.