Section 9 1. State of West Bengal Vs Brindaban Chandra Pramanik and ... On 24 July, 1956 Facts
Section 9 1. State of West Bengal Vs Brindaban Chandra Pramanik and ... On 24 July, 1956 Facts
Section 9 1. State of West Bengal Vs Brindaban Chandra Pramanik and ... On 24 July, 1956 Facts
Section 10
1 Maharashtra Power Development ... vs Dabhol Power
Company And Ors. on 2 April, 2003
Fact
The first respondent, Dabhol Power Company (the company) was
promoted by Enron Development Corporation, USA (Enron) General
Electric Company, USA (GE) and Bechtel Enterprises, Inc (Bechtel)
and was registered as a private company with unlimited liability in
April 1993, with the object of developing a 2000 MW capacity power
plant in Maharashtra State, to be implemented in two phases. The
authorized capital of the company in Rs. 3,862.65 crores.
Issue
That they are in violation of the Articles, oppressive and against
public interest, the petitioner filed the instant petition under Section
397 of the Companies Act.
Held
In so far as the nomination of respondents 6-9 by EMC as directors is
concerned, this Board has no jurisdiction to enquire as to whether the
Board of EMC had the power to function, more so, in view of the
order of the Supreme Court of Mauritius permitting that Board to
function. EMC has the right to appoint substitutes in place of its
earlier nominees who had resigned. However, since the nominations
of respondents 6-9 have not been considered by the Board of
Directors and have not been appointed as directors, they cannot claim
themselves to be or act as directors. It is for the Board of Directors
now constituted, to take a decision on these nominations. Petition is
disposed of in the above terms with no order to cost. Pronounced in
the open court today 2nd April 2003.
Facts
Issue
Held
The PPA clearly defines the fuel as primary fuel used to generate
electricity namely domestic coal. The source of coal has been
indicated as Coal India Ltd. through coal linkage. The bidding
documents submitted by the Appellant also indicate that the Appellant
had not envisaged use of imported coal for power generation. The
decision to import coal has been taken by the Appellant on its own
volition with a view to increase the efficiency of the power plant, as
held by the State Commission. Therefore, we are not inclined to
interfere with the findings of the State Commission disallowing the
claim of the Appellant for customs duty on imported coal as a
consequence of Change in Law. In view of above, the Appeal is partly
allowed as indicated above. No order as to costs. PRONOUNCED IN
THE OPEN COURT ON THIS 12TH DAY OF SEPTEMBER, 2014.