Reliance Energy challenges APTEL's order in supreme court

Saturday, 21 March 2009 14:07 Lathish PV
APTEL- ChiefAnil Ambani-run Reliance Energy Ltd moved the Supreme Court challenging the Appellate Tribunal for Electricity's ruling that asked the firm to refund additional electricity tariffs of more than Rs 250 crore collected from multiplexes and shopping-malls in Mumbai. A bench headed by Chief Justice K G Balakrishnan, however, today refused to give interim relief and directed that the matter will be heard on March 27, the notified date.

Reliance Energy has filed two appeals challenging the tribunal's order of January 19 setting aside the Maharashtra Electricity Regulatory Commission's tariff order that classified multiplexes and shopping-malls under a new category, LT-9, and brought them under the ambit of high tariffs on the grounds of their higher capacity to pay.

The Appellate Tribunal for Electricity (APTEL), while quashing the MERC order, had also directed REL and Tata Power Company to refund the additional amounts collected from the multiplexes and shopping-malls after they were placed under the LT-9 category.It further directed these distribution companies to adjust the amounts in future bills over the next one year.

Source - Press Trust of India