Penalty not to be imposed on developers suffering from delay beyond its control –Observed by APTEL in the matter of HPCL vs. PNGRB | Ritam Legal represented HPCL in the matter.
The Appellate Tribunal for Electricity (Petroleum and Natural Gas Bench) directed Petroleum and Natural Gas Regulatory Board (‘PNGRB/Board’) for refund of encashed Bank Guarantee amount to HPCL which PNGRB arbitrarily withheld, even after remand back of the order in the previous round of litigation. Further, APTEL interpreted reasonable time contemplated under Regulation 16(a) of the […]
