No Promissory estoppel against State altering/modifying the benefit of concessional tariff: Supreme Court [Read Judgment]

Supreme Court on Friday, has held that State would not be estopped from altering/modifying the benefit of concessional tariff. Three Judge Bench of Apex Court comprising of Justices Ranjan Gogoi, Arun Mishra and Prafulla C. Pant made this observation in M/s. Kothari Industrial Corporation Ltd. vs. Tamil Nadu Electricity Board. The Appeal was against the Order of High Court which had...