Supreme Court Upholds Withdrawal of Electricity Tariff Concessions: Kothari Industrial Corporation Ltd. vs. Tamil Nadu Electricity Board (29 January 2016)
Can a government revoke a promised concession on electricity tariffs? The Supreme Court of India addressed this question in a case involving industrial units in Tamil Nadu. The court held that the principle of promissory estoppel does not prevent the government from withdrawing such concessions. This judgment clarifies the scope of government power over fiscal […]