The reportRead the court document for its full terms
The Supreme Court on 30 October 2026 overturned a belated review of Damodar Valley Corporation’s tariff treatment, restoring the appellate tribunal’s 17 May 2019 order.
Judge / Bench — J.B. Pardiwala and K. Vinod Chandran, JJ.; judgment by K. Vinod Chandran, J.
In DVC v Maithan Alloys Limited (2026 INSC 1178), it held that binding precedent settled the sinking-fund issue. Maithan and intervenor SAIL must pay DVC ₹2 lakh and ₹1.5 lakh respectively within a month, with 18% interest upon default.
Advocates appearing — DVC: Vikas Singh and Dr. Abhishek Manu Singhvi, Senior Counsel; SAIL: Rajiv Shakdher, Senior Counsel; respondent 1: Rajiv Yadav, AoR. Other respondents: Not named in the judgment.
Explore topicsElectricity