Appellate Tribunal Scraps Relinquishment Charge On Adani Power’s Unit

The Appellate Tribunal for Electricity has set aside a ₹26.33 billion relinquishment charge imposed by Central Transmission Utility of India Ltd. on Mahan Energen Ltd., a subsidiary of Adani Power Ltd.

The order came in response to an appeal filed by Mahan Energen, Adani Power said in an exchange filing on Saturday. The tribunal observed that the claim of Central Transmission Utility has been rendered infructuous.

Adani Power had acquired Mahan Energen in 2022 under the insolvency and bankruptcy code. Following the acquisition, the subsidiary surrendered long-term open access of 1.2 gigawatts. Subsequently, its creditors, including Central Transmission Utility of India, had taken the matter to the National Company Law Tribunal.