Legal20 Aug 2025, 05:14 pm
Agi Greenpac Ltd Receives Rs.40.61 Crores Demand Notice from Southern Power Distribution Company of Telangana Limited
AI Summary
Agi Greenpac Ltd has received a demand notice of Rs.40.61 Crores from Southern Power Distribution Company of Telangana Limited (TGSPDCL) for surplus power taken from Andhra Pradesh Gas Power Corporation Ltd (APGPCL) from 2002 to 2022. The Company, being a beneficial shareholder, procured surplus power from APGPCL and made payments directly to APGPCL for the same. However, TGSPDCL has issued the demand without accounting for APGPCL payments made by the Company. Agi Greenpac Ltd, as an aggrieved party, has filed a Special Leave Petition (SLP(C) No. 004715/ 2024) before the Hon'ble Supreme Court to challenge this disputed demand. The SLP(C) has been admitted and is pending before the Hon'ble Supreme Court.
Key Highlights
- Agi Greenpac Ltd received a demand notice of Rs.40.61 Crores from TGSPDCL
- The demand is for surplus power taken from APGPCL from 2002 to 2022
- Agi Greenpac Ltd, as an aggrieved party, has filed a Special Leave Petition before the Hon'ble Supreme Court
- The SLP has been admitted and is pending before the Hon'ble Supreme Court
- The dispute is regarding payments made directly to APGPCL by Agi Greenpac Ltd