Petition of the CERC (Procedure, Terms and Conditions for grant of Trading Licence and other related matters) Regulations 2020 and amendments – EQ

Summary:

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## 📌 Case Overview

* **Petitioner:** **JSW Power Trading Company Limited (JSWPTCL)**
* **Subject:** Application for **upgradation of inter-State trading licence** from **Category-III to Category-II** under **Regulation 15(1)** of the CERC Trading Licence Regulations, 2020 (as amended).
* **Date of Hearing:** 29th July 2025
* **Coram:** Chairperson Jishnu Barua; Members Ramesh Babu V., Harish Dudani, Ravinder Singh Dhillon.

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## ⚡ Background & Petitioner’s Submission

* JSWPTCL currently holds a **Category-III trading licence**, which allows trading up to a specified annual volume.
* The petitioner seeks **upgradation to Category-II**, which permits higher annual trading volumes as per CERC Trading Licence Regulations.
* Counsel submitted that JSWPTCL **fulfils all eligibility requirements** for Category-II, including financial strength, net worth, and compliance with past regulatory obligations.

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## 🏛️ Commission’s Directions

* CERC directed the petitioner to file:

* An **audited special balance sheet** as on any date falling within **30 days preceding the petition filing date**,
* Supported by an **affidavit**,
* Within **1 week** of the hearing.

* Subject to compliance with this direction, the Commission has **reserved the matter for order**.

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## ✅ Current Status

* Petition has been **heard and reserved for order**.
* Final order on licence upgradation (from Category-III to Category-II) is **pending**, subject to submission of the audited special balance sheet.

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## 👉 Takeaway

This case concerns **JSWPTCL’s bid to scale up trading operations** by moving from **Category-III to Category-II trading licence**. CERC is currently verifying compliance, particularly the **financial eligibility** through an audited balance sheet, before issuing its decision.

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