Supreme Court · 2000 INSC 322 · Decided 12 May 2000

U.P. State Electricity Board v. Upper Jamuna Valley Electricity Supply CO. LTD.

Court
Supreme Court of India
Citation
2000 INSC 322 · [2000] SUPP. 1 S.C.R. 411
Case number
CIVIL APPEAL No. 3658/1993
Decided
12 May 2000
Bench
S. SAGHIR AHMAD, Y.K. SABHARWAL, S.N. VARIAVA (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Constitution Article 31(2), 39(b); Electricity Act Section 6, 7, 6(1)

Headnote

A B Indian Electricity Act, 1910-Section 6, 7, 7 A-Amend'11ent in, by Indian Electricity (UP. Amendment and Validation) Ordinance No. 7of1975/Indian Electricity (U.P. Amendment and Validation) Act, 1976-Policy of C nationalisation of electric companies-Amendment envisaging the book value of the market value for the purpose of acquiring the undertaking-Constitutional validity of the Amending Act/Ordinance challenged on the ground that such amendment extinguished the right which had accrued in the electric companies, to get D the market price-Held, the provisions for payment of amount to

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