Adani Power’s ₹1,005 cr Karnataka bill survives SC
Benchmarks Nifty24,287.65-78.35FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return23.43 % Invest NowEnter search text:HomeETPrimeMarketsMarket DataNewsIndustrySMEPoliticsWealthMFTechAICareersOpinionNRIPanacheThe Economic Times daily newspaper is available online now. Read Today's Paper SC dismisses Karnataka discoms' plea over Adani Power invoicesSECTIONSSC dismisses Karnataka discoms' plea over Adani Power invoicesBy Indu Bhan, ET BureauLast Updated: Aug 18, 2026, 12:34:00 AM ISTFollow usFont SizeAbcSmallAbcMediumAbcLargeSavePrintSynopsisA…
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SC dismisses Karnataka discoms’ plea over Adani Power invoices
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SC dismisses Karnataka discoms’ plea over Adani Power invoices
Indu Bhan
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Synopsis
A bench led by Justice PS Narasimha refused to interfere with the Appellate Tribunal for Electricity’s (Aptel) order that also refused to stay the invoices and upheld the Central Electricity Regulatory Commission’s (CERC) direction to the discoms to pay the entire amount maintained by Adani Power in 45 days. The top court asked the appellate tribunal to pronounce its final order in the matter within three months.
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The CERC in 2023 held Karnataka discoms liable to pay the carrying cost on the differential amounts
NEW DELHI: The Supreme Court on Monday dismissed a plea by a batch of Karnataka electricity distribution companies to stay what they termed “wrongful” invoices of Rs 1,005 crore that Adani Power uploaded on a administration portal that tracks power purchase transactions and monitors payment arrears.
The CERC in 2023 held Karnataka discoms liable to pay the carrying cost on the differential amounts – the financing cost on the amount due from the discoms – along with late payment surcharge (LPS). The payment had to be made in six instalments, failing which the power producer would be entitled to LPS. Adani Power later moved the commission, accusing the discoms of noncompliance.
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adani powerAdani PowerSupreme CourtKarnataka electricity distribution companiesCentral Electricity Regulatory CommissionAppellate Tribunal for Electricity
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Adani powerAdani PowerSupreme CourtKarnataka electricity distribution companiesCentral Electricity Regulatory CommissionAppellate Tribunal for Electricity
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