Decoding the Legal Complexity of the ‘Waterfall Mechanism’
By Advik Rijul Jha, Advocate Paschimanchal Vidyut Vitran Nigam Ltd v. Raman Ispat Private Limited and Others (2023 SCC OnLine SC 842) in Civil Appeal No. 7976 of 2019. (Decided on 17 July 2023) Relevant Facts The parties had entered into an agreement on 11.02.2010 for the supply of electricity. Clause 5 of the agreement […]