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Supreme Court Affirms PSPCL’s Right to Enforce Pre-Amendment Terms, Rules October 2009 Press Release on Mega Power Policy Insufficient to Establish “Change in Law” in Power Purchase Agreement
Court's Decision:The Supreme Court upheld the order of the Appellate Tribunal for Electricity (APTEL) and the Punjab State Electricity Regulatory Commission (PSERC), determining that the Press Release issued on 1st…