Supreme Court stays Delhi government's CAG audit of power discoms
In a significant ruling, the Supreme Court has put a stop to the Delhi government's planned inquiry into power distribution companies. This comes in light of the government's push for a Comptroller and Auditor General (CAG) examination into the st...
A partial working day bench of Justices KV Viswanathan and Shree Chandrashekhar took note of the submissions of Solicitor General Tushar Mehta, appearing for power regulator Delhi Electricity Regulatory Commission (DERC) and senior advocate Abhishek Singhvi, appearing for private discoms.
On Thursday, the Delhi government ordered a CAG audit of power discoms.
The Comptroller and Auditor General (CAG) of India was to undertake a "strict and intensive" audit of the circumstances under which discoms - BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution (TPDDL) - had continued without recovery of regulatory assets.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.