On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict is the seventh judgment since 2019 in which benches headed by him have ruled in favour of Adani group companies.
The recent verdict by the Supreme Court bench headed by Justice Arun Mishra, one of his last judgements before retirement, on the so-called AGR or adjusted gross revenues case could lead to the formation of a duopoly in India’s telecom sector.
In a judgement that is expected to be pronounced before September 2, the Supreme Court will decide on a seven-year-long dispute between Rajasthan’s electricity distribution companies and a power generation company in the Adani group. The Adani group company stands to gain over Rs 5,000 crore if the judgement goes in its favour.
With less than a month to go before his retirement from the Supreme Court, Justice Arun Mishra is expected to pronounce the judgement of a three-judge bench he heads in a case concerning a company in the Adani group. This will be the seventh case involving Adani group companies heard by benches led by Justice Mishra since 2019, with the previous six judgements having gone in favour of the group. If the decision on the seventh case also goes in the Adani group’s favour, it would leave public power distribution utilities and consumers in Rajasthan poorer by around Rs 5,000 crore.
