Supreme Court Rules Against Powergrid: Self-Insurance Policy Covers Transformer Fire Losses
The Supreme Court dismissed the appeals, upholding the decisions of the Appellate Tribunal for Electricity and the Central Electricity Regulatory Commission (CERC). The Court ruled that replacement of damaged transformers did not qualify for additional capitalization under Regulation 53 of the Tariff Regulations, as it was part of the appellant's duty to maintain the transmission system. The self-insurance policy covered the cost of replacement, and the claim for revised availability certificates was rendered redundant. The Court affirmed that the Appellate Tribunal's decision was well-reasoned and not a mere rubber-stamping of CERC's findings.
Facts Of The Case:
The case involves Powergrid Corporation of India Limited (appellant) challenging orders of the Central Electricity Regulatory ...