IndiaNewsWatchJustice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani
On August 31, 2020, a Supreme Court bench headed by Justice Arun Kumar Mishra, that included Justices Vineet Saran and M R Shah, ruled in favour of a company in the Adani group in a dispute with public sector power distribution companies in Rajasthan. The verdict, issued three days before Justice Mishra retired from the court on September 2, has granted Adani Power Rajasthan Limited (APRL) – which owns a 1,320 megawatt capacity thermal power station in Kawai, Baran district – “compensatory tariffs” worth over Rs 5,000 crore and penalties and interest payments of nearly Rs 3,000 crore.
#archives #ArunMishra #AdaniGroup #AdaniPower #APRL #adani #VineetSaran #MRShah #rajasthan #SupremeCourt #IndianJudiciary #GautamAdani #gujarat #CronyCapitalism #PSUs #business #industry #billionaires #india
https://www.newsclick.in/Justice-Arun-Mishra%27s-Final-Gift-of-8000-Crore-to-Adani
Justice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani | NewsClick
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, just before Justice Mishra’s retirement on September 2, is the seventh judgment since the beginning of 2019 in which benches headed by him have ruled in favour of Adani group of companies.
The Federal