Power sector sees 70% rise in backlog of disputes

Over the past year, the backlog of cases at the Appellate Tribunal for Electricity (APTEL) has surged by 70%, reaching 1,516. During the last two years, the tribunal managed to dispose of only 49 cases. This backlog has left claims worth lakhs of crores of rupees in a state of uncertainty, thereby undermining investor confidence in power sector reforms. Insiders at APTEL revealed that some of these cases have been pending since 2013.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kRbUiQj
>

Comments

Popular posts from this blog

China's video-game curbs shock stocks

Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes