CERC: Petition for direction upon the Respondent No. 1 (PTCIL) Late Payment Surcharge, compounded on delayed payments

Petition under Section 79 of the Electricity Act, 2003, seeking direction upon the Respondent No. 1 to pay Late Payment Surcharge, compounded on monthly rest, on the delayed payments, in terms of the PPA dated 21.07.2017.

Wind Three Renergy Limited,

Versus

Power Trading Company India Limited,  & Jharkhand Bijli Vitran Nigam Limited,

Background:

The Petitioner, Wind Three Renergy Limited (‘WTRL’) (formerly known as Wind Three Renergy Private Ltd.