Supreme Court Upholds NCLT’s Stay of Termination of GUVNL’s PPA with Solar Developer

The apex court noted that NCLT and NCLAT could adjudicate disputes over PPAs and other contracts

March 25, 2021

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The Supreme Court, in a recent order, has said that the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) had correctly stayed the termination of the power purchase agreement (PPA) between a solar power developer and the Gujarat Urja Vikas Nigam Limited (GUVNL).

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Rakesh Ranjan

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Supreme Court Upholds NCLT’s Stay of Termination of GUVNL’s PPA with Solar Developer

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