Ecoren Energy India Private Limited vs. Union Of India
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Order Issued After Hearing
Purpose:
For Extension Of Interim Orders
Before:
Hon'ble Venkateswarlu Nimmagadda
Listed On:
21 Dec 2022
Original Order Copy
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Order Text
IN THE HIGH COURT OF ANDHRA PRADESH : AMARAVATI (SPECIAL ORIGINAL JURISDICTION) FRIDAY. THE TWENTIETH DAY OF JANUARY TWO THOUSAND AND TWENTY THREE : PRESENT:
THE HONOURABLE SRI JUSTICE VENKATESWARLU NIMMAGADDA
IA NO.2 OF 2019
IN
WRIT PETITION NO. 21601 of 2019
Between:
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- Ecoren Energy India Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82/A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Danu Wind Parks Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82/A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Aeolus Wind Parks Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82/A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Fujin Wind Parks Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82/A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Dindore Winds Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82/A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Ananthapur Energy Projects Private Limited, having its registered office at 32-5-3, Lakshmi Nilayam, Prajasaktinagar Vijayawada, 520010 Represented Authorized by its Representative Suresh BabuGudikandula
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- Boreas Renewable Energy Private Limited, having its registered office at Plot No. 1202,1215A, Door No. 8-2-293/82'A/1202, S.L. Jubilee, Road No.61, Jubilee Hills, Hyderabad - 500033 Represented by its Authorized Representative Suresh BabuGudikandula
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- Jwalya Wind Private Limited, having its registered office at H. NO. 63/493, Motilal Nagar III, M. G. Road, Goregaon (West), Mumbai-400090 Represented by its Authorized Representative Suresh BabuGudikandula
Petitioners
AND
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Union of India, Represented by its Secretary, Ministry of New and Renewable Energy, Block-14, CGO Complex, Lodhi Road, New Delhi 110003
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- Southern Power Distribution Company of Andhra Pradesh Ltd., 19-13-65/A, Srinivasapuram, Tiruchanoor Road, Tirupati, represented by its Chairman and Managing Director and Chief General Manager
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- Central Electricity Authority, Sewa Bhawan, R.K.Puram, Sector 1, New Delhi 110006 Rep by its Chairperson
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- Reserve Bank of India, Dept. of Banking Regulation, Central Office, 12th Floor, Shahid Bhagat Singh Marg Fort, Mumbai 400001
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- Indian Renewable Energy Development Agency, India Habitat Centre. East Court, Core 4A, 1st Floor, Lodhi Road, New Delhi 110 03
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- India Infrastructure Finance Company Ltd, 5th Floor, Block 2, Plate A * and B, NBCC Tower, East Kidwai Nagar, New Delhi - 110023
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Tata Cleantech Capital Ltd., (TCCL), I-Think Techno Campus, A wing,<br>4th Floor, Off Pokhran Road No. 2, Thane West, Mumbai 400607 M/s PTC India Financial Services Ltd, 7th Floor, Telephone Exchan
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Building, 8 BhikajiCama Place, New Delhi 110 066
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- Reliance Capital Limited, Reliance Centre, 6th Floor, South Wing, Off. Western Express Highway, Santacruz (East), Mumbai - 400 055
Respondents
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the writ petition, the High Court may be pleased to restrain the Respondents 5 to 9 from declaring the Petitioners as Non Performing Assets, pending disposal of WP No. 21601 of 2019 on the file of the High Court.
WP.No.21601 OF 2019
Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith the High Court may be pleased to issue a writ, order or direction more particularly in the nature of Mandamus directing the Respondent No. 2, i.e., APSPDCL to make payment of an amount of Rs. 34.05 Crores to the Petitioner No.2, Rs. 17.93 Crores to the Petitioner No. 3, Rs. 32.33 Crones to the Petitioner No. 4, Rs. 8.46 Crores to the Petitioner No. 5 as on 08.12.2019 under the respective PPAs along with late payment surcharge at the interim rate of Rs. 2.43/- per unit within a period of 7 days from the date of the order, without prejudice to the rights and contentions of the Petitioners under law, PPA, equity or otherwise and direct the Respondent Nos. 5 to 9 to refrain from taking any precipitative steps/actions against the Petitioners in relation to their respective loan facilities extended to the Petitioners till APSPDCL makes payment of the outstanding dues to the Petitioners as prayed above and further declare that the statutory period of 90 days, for declaring an account as NPA under the RBI Master Circular dated 01.07.2015 and RBI Circular dated 07.06.2019 shall commence after the subject matter of O.P. No. 17 of 2019 is finally decided
IA NO: 1 OF 2019: Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the WRIT petition, the High Court may be pleased to restrain the Respondents 5 to 9 from taking any coercive action against the Petitioners, pending disposal of WP No. 21601 of 2019 on the file of the High Court.
The petition coming on for hearing and upon perusing the petition and affidavit filed herein and orders of the High Court dated 29.9.2021, 10.11.2021, 22.11.2021, 6.12.2021, 13.12.2021 03.01.2022, 25.1.2022, 17.02.2022, 05.08.2022, 14.09.2022, 31.10.2022, 22.11.2022, 30.11.2022& 21.12.2022 made herein and upon hearing the arguments of Sri S.VIVEK CHANDRASEKHAR, Advocate for the Petitioners, Sri. N. Harinath, Asst. Solicitor General for the Respondent No.1 and of Sri. Y. Nagi Reddy, Sc for the Respondent No.2, Sri. Sai Sanjay Suraneni for Respondent Nos., 5 & 8 the Court made the following.
ORDER:
"Interim order granted earlier is extended for a further period of four weeks.
List after three (3) weeks".
Sd/- T. MADHAVI ASSISTANT REGISTRAR $\mathcal{D}\mathcal{R}$
// TRUE COPY //
SECTION OFFICER
To
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- Two CCs to Sri N. Harinath, Deputy Solicitor General, High Court, $A.P.(OUT)$
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- One CC to Sri S.Vivek Chandrasekhar, Advocate(OPUC)
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- One CC to Sri Y.Nagi Reddy, Standing Counsel (OPUC)
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- One CC to Sri. Sai Sanjay Suraneni Advocate (OPUC
$\sqrt{}$
- One spare copy.
NBR
HIGH COURT
$_{\text{NV,J}}$
DATED: 20.01.2023
ORDER
List after three (3) weeks
IA NO.2 OF 2022 IN WP.NO. 21601 OF 2019
INTERIM ORDER EXTENDED
$\sqrt{}$
21 JAN 2003