HC dismisses plea against power contract to Adani; imposes Rs 50,000 cost on petitioner

The Bombay High Court on Monday dismissed a petition challenging a contract awarded by the Maharashtra government to Adani Group for supply of renewable and thermal power electricity, noting the plea was “unsubstantiated and reckless”.

A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar also imposed a cost of Rs 50,000 on the petitioner – Shriraj Nageshwar Aepurwar – for the vague petition.

Aepurwar alleged the contract awarded to the Adani Group for the supply of 6,600 megawatts of renewable and thermal power was a violation of the petitioner’s fundamental right to have access to fair electricity supply at a reasonable rate.

Also Read Reliance Power arm bags 930 MW contract from SECI Cong seeks removal of BJP leader Nishikant Dubey’s ‘defamatory remarks’ against Rahul Gandhi from House proceedings Adani group’s solar power contracts priced lower than competitors, could find new buyers if canceled, say analysts West Bengal: TMC MLAs accuse Mahua Moitra of promoting factionalism, submit complaint to CM Mamata Banerjee

The plea also levelled allegations against former state chief minister Eknath Shinde, who is currently the deputy CM, of having been involved in corrupt practices while awarding the contract to Adani Group.

The bench, however, refused to accept the contentions and said, “In our opinion, filing of such petitions containing unsubstantiated and reckless averments run the risk of sometimes even good causes being lost.” 

The petition made “vague and unsubstantiated” assertions that the contract awarded was a scam involving government authorities, it noted.

The HC said the petition did not contain any supporting materials to show the former chief minister (Shinde) was involved in any corrupt practices.

The petitioner was not a participant in the tender process of the contract, the court added.

“The petition is bereft of any substantiating and supporting material and contains absolutely bald and vague allegations,” the HC said dismissing the plea.

The court directed the Rs 50,000 cost to be deposited by the petitioner to the Maharashtra State Legal Services Authority.

 » Read More

Related Articles

Markets muted; Nifty below 22,500; Big cut in tech stocks, Nifty IT index at 8-month low

The Indian stock market struggled to find direction on Wednesday, closing the day on a flat note amid persistent selling pressure in technology stocks. By the end of the session, the Sensex settled at 74,029.76, down 0.10%, while the Nifty closed at 22,470.50, slipping 0.12%. The midcap and smallcap indices slipped 0.5%, while some sectors

Jefferies top Buy recommendations at this hour

As the markets navigate through macroeconomic shifts and sectoral dynamics, the brokerage firm Jefferies has reaffirmed its bullish stance on select stocks. Among the key picks at this hour, HDFC Bank, Voltas, Samvardhana Motherson stand out, with the brokerage maintaining a ‘Buy’ rating on both – Voltas and HDFC Bank and Samvardhana Motherson is their

JK Lakshmi Cement poised for 20% surge, says HDFC Securities. Here’s why…

HDFC Securities analysts met JK Lashmi Cement’s management and iterated their Buy rating and target price. The brokerage believes that the company will see a compounded annual growth rate of 9% over the next two years as the cement major tightens its seat belt for expansion in the north. Also, a new brand to raise

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Markets muted; Nifty below 22,500; Big cut in tech stocks, Nifty IT index at 8-month low

The Indian stock market struggled to find direction on Wednesday, closing the day on a flat note amid persistent selling pressure in technology stocks. By the end of the session, the Sensex settled at 74,029.76, down 0.10%, while the Nifty closed at 22,470.50, slipping 0.12%. The midcap and smallcap indices slipped 0.5%, while some sectors

Jefferies top Buy recommendations at this hour

As the markets navigate through macroeconomic shifts and sectoral dynamics, the brokerage firm Jefferies has reaffirmed its bullish stance on select stocks. Among the key picks at this hour, HDFC Bank, Voltas, Samvardhana Motherson stand out, with the brokerage maintaining a ‘Buy’ rating on both – Voltas and HDFC Bank and Samvardhana Motherson is their

JK Lakshmi Cement poised for 20% surge, says HDFC Securities. Here’s why…

HDFC Securities analysts met JK Lashmi Cement’s management and iterated their Buy rating and target price. The brokerage believes that the company will see a compounded annual growth rate of 9% over the next two years as the cement major tightens its seat belt for expansion in the north. Also, a new brand to raise

Equity mutual fund inflows decline 26% in February 2025 amid stock market meltdown: AMFI

Mutual fund net inflows tumbled about 79% in February, dragged lower by sustained sell-offs in the domestic equity market. With key indices Nifty and Sensex sliding about 5% during the month, equity mutual fund inflows saw a significant 26% decline to Rs 29,303 crore in February, against Rs 39,688 crore in the previous month. In

Lowest DA hike in 7 years? Here’s how much central employees and pensioners may get

The wait for a hike in the dearness allowance (DA) of central employees and dearness relief (DR) of pensioners will end soon. This week, the Union Cabinet may take a final decision on this. If approved, the new DA will come into effect retrospectively from January 2025, which means the employees will get an increase