UPERC: Petition of Ghatampur Transmission Ltd v/s Union Bank for assignment of Licence and creation of security interest

Petitioner: Ghatampur Transmission Limited

Versus

Union Bank Of India, Catalyst Trusteeship Limited, Paschimanchal Vidyut Vitran Nigam Limited, Madhyanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited & Neyveli Uttar Pradesh Power Limited

Background: The instant Petition has been filed for Approval under Section 17 of the Electricity Act, 2003 for assignment of License and creation of security interest by way of mortgage/charge/hypothecation/assignment, etc.