JUDGEMENT
NARIMAN,J. -
(1.) The present appeal is a sequel to Civil Appeal No. 1652 of 2015. By our judgment and order dated 22nd September, 2016,
against the judgment of the Appellate Tribunal dated 28th
November, 2014, we disposed of the aforesaid appeal allowing
the appeal only to a limited extent and setting aside the
judgment of the Appellate Tribunal insofar as it allowed an
increase in interest during construction (IDC), financing
charges (FC) and incidental expenses during construction
(IEDC) incurred for the delay in execution of the project for
reasons beyond the control of the respondent.
(2.) In the second round of litigation, the implementation of the aforesaid order of the Appellate Tribunal has taken place,
and the impugned judgment of the Appellate Tribunal dated 14 th
March, 2016 has been placed before us. In particular, a chart
extracted in paragraph 9.13 has been supplied by the Appellate
Tribunal indicating how it has arrived at a total project cost
of Rs. 77.64 crores. We find that Shri Rakesh Khanna, learned
senior counsel appearing on behalf of the appellants has
raised various submissions before us, most of which have been
raised and turned down earlier. We find that item nos. 1,2,3
& 4 of the said chart are unexceptionable for the reason that
they strictly conform to paragraphs 25 and 36 of the Appellate
Tribunal judgment dated 28th November, 2014. However, item
no.5 consists of a sum of Rs.1.84 crores and 0.84 crores,
being additional interest during construction, financing cost,
and incidental expenses during construction. Since the
earlier appeal i.e. Civil Appeal No. 1652 of 2015 has been
allowed to a limited extent, these figures will have to be
deleted and consequently the project cost will now stand as
Rs.74.96 crores.
(3.) We have been informed that a sum of Rs.15 crores is lying in deposit having been invested by the Registry of this Court.
This sum has been provided by appellant No.1 on 12th July, 2016
pursuant to an interim order of this Court. The disbursement
of this sum is dependent upon adjudication proceedings pending
before the Joint Electricity Regulatory Commission, Gurgaon.;
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