In the matter of: Petition for adjudication of dispute arising out of the action of Power Grid Corporation of India in withholding three PBGs of Rs. 3.75 Crore

In the matter of: Petition under Section 79(1)(f) of the Electricity Act, 2003 for adjudication of dispute arising out of the action of Power Grid Corporation of India in withholding three Performance Bank Guarantees of Rs. 3.75 Crore each (Rupees Three Crore Seventy Five lacs only each) despite the relegation of the status of the Petitioner to „deemed Stage-I grantee‟ as per the Detailed Procedure notified by Commission in accordance with Regulation 27 of the Central Electricity Regulatory Commission (Grant of Connectivity, Long-Term Access & Medium-Term Open Access in Inter State Transmission & related matters) Regulations, 2009

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