SC disposes of GUVL-Adani group curative, says their relationship will be governed by compromise terms
The Hindu
The case relates to Adani Power's termination of the power purchase agreement with GUVL because the Gujarat Mineral Development Corporation had failed to supply coal to it.
The Supreme Court on Tuesday disposed of a curative petition concerning the row between Gujarat Urja Vikas Nigam Ltd. (GUVNL), the State's power utility, and Adani Group’s power company after noting that both parties had reached an amicable out-of-court settlement and their relationship would be governed by the terms of the compromise.
A five-judge Special Bench led by Chief Justice of India N.V. Ramana passed the order in a curative petition filed by the GUVL against a July 2019 judgment of the Supreme Court upholding the termination of a power purchase agreement by Adani Power (Mundra) Limited.
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