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Tata Power Company welcomes Supreme Court decision

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Capital Market

As it dismisses appeal filed by BEST

Tata Power Company announced that the Hon'ble Supreme Court on 08 May 2014 dismissed the appeal filed by the BEST in which it sought to restrain Tata Power from laying its network to provide power supply to consumers in its license Area.

The Apex court ruled that there is no provision given in the statute which gives BEST a privileged position of being the sole distribution licensee in that area.

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First Published: May 09 2014 | 9:57 AM IST

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