CERC: Petition for Creation of Security Interest over Transmission Assets in Electricity Project; NER ETL

Petition under Sections 17(3) and 17(4) of the Electricity Act, 2003, for the 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.

NER Expansion Transmission Limited,

Versus

Central Transmission Utility of India Limited, Catalyst Trusteeship Limited, National Bank for Financing Infrastructure and Development, 

Background:

The Petitioner, NER Expansion Transmission Limited (hereinafter referred to as ‘the Petitioner/NERETL’), 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.