​​​
  1. SC seeks response from BSES firms on Rs 6,000-crore dues

SC seeks response from BSES firms on Rs 6,000-crore dues

The Supreme Court on Monday sought response from Reliance Infra-backed BSES power discoms as to why they should not be asked to immediately clear their electricity dues of over Rs 6,000 crore payable since 2010.

By: | New Delhi | Updated: December 15, 2015 8:44 AM

bses-l-re

The Supreme Court on Monday sought response from Reliance Infra-backed BSES power discoms as to why they should not be asked to immediately clear their electricity dues of over Rs 6,000 crore payable since 2010.

A bench headed by Justice J Chelemeshwar issued notice to both distribution company BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) after the Delhi government-run Delhi Transco Ltd (DTL) and state-run power generation companies – Indraprastha Power Generation Company Ltd (IPGCL) and Pragati Power Corporation Ltd (PPCL) – sought a direction discoms to immediately clear their electricity dues of over Rs 6,000 crore payable since 2010. A contempt application moved by the G&T companies against the top brass for willfully flouting and deliberately disobeying repeated apex court orders is still pending.

The state-run companies said that the discoms have to pay current charges of around Rs 2238 crore to them due since January 1, 2014 as directed by the apex court last year on March 26, May 6 and July 3. While the Anil Ambani-led discoms supply power in 70% areas in Delhi, the two state-power generating companies supply around 800 MW of power to BSES daily.

However, BSES spokesperson in its media statement said that “DERC has admitted in its affidavit in the Supreme Court that around Rs 10,000 crore is owed to BSES discoms.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top