Supreme Court · 2018 INSC 307 · Decided 5 April 2018
M. P. Power Management Company LTD. v. Renew Clean Energy PVT. LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 307 · [2018] 3 S.C.R. 829
- Case number
- CIVIL APPEAL No. 3600/2018
- Decided
- 5 April 2018
- Bench
- RANJAN GOGOI, R. BANUMATHI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Contract - Termination of Contract - Appellant issued a Request for Proposal (RFP) for long term procurement of 300 MV power from Grid connected Solar Energy Sources through tariff based competitive bidding - Respondent no.1 was selected - Pursuant thereto, (PPA) was executed between the appellant and respondent no.1 for sale and procurement of solar power, for which, respondent no.1 submitted bank guarantee - Respondent no.1 was unable to fulfill prescribed conditions within stipulated period - Consequently, PPA terminated by the
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