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<ul><li>A purchaser of a mineral bottling plant that was auctioned refused to pay overdue <keyword id="769626" type="PERSON" weightage="20" keywordseo="Electricity-dues">electricity dues</keyword> which were unpaid by the previous owner.</li><li>Seeking to quash the electricity authority’s demands, the purchaser approached the Telangana High Court, which granted him relief.</li><li>Later, a Division Bench of Justices Sanjay Kishan Kaul and KM Joseph overruled the High Court’s judgment, fixing the liability on the purchaser of the <keyword id="9339052" type="UNKNOWN" weightage="20" keywordseo="auctioned-property">auctioned property</keyword>.</li></ul>If you buy a property in an auction and later find out that there were unpaid electricity bills, they are now your’s to pay. While this is generally understood as the norm, it’s something the <keyword id="6354977" type="ORGANIZATION" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword> had to reiterate after the Telangana High Court excused the statutory electricity dues of a water bottling plant in the state. The Supreme Court said that <keyword id="9339053" type="UNKNOWN" weightage="20" keywordseo="purchasers-of-auctioned-property">purchasers of auctioned property</keyword> are liable to pay the statutory electricity dues — especially since the charges were specifically mentioned during the auction. Hearing a case between the auction-purchaser of a water bottling plant in Telangana and the Telangana Electricity Board, the bench — which included Justices Sanjay Kishan Kaul and KM Joseph — ruled that in this specific case, the buyer of the property was liable to pay to statutory electricity dues which were unpaid by the previous owner. <div type="Article" hostid="261" msid="74704591" title="Vodafone India’s revenues are getting stronger after tariff hikes but its fate is still linked to Supreme Court orders" mstype="2" mssubtype="0"></div> What is the case about? The case is about the payment of statutory dues by the purchaser of an auctioned property. In this particular instance, the purchaser refused to pay statutory electricity dues which were unpaid by the previous owner. The purchaser applied for a new electricity connection, but the authorities refused to provide the connection on the grounds that there were outstanding dues to be paid. Seeking to quash these demands made by the authorities, the purchaser approached the Telangana High Court, which subsequently granted relief. What did the Supreme Court say? The case was subsequently raised by the Telangana Electricity Board in the Supreme Court, which observed that the purchaser was liable to clear the dues. In its observation, the Supreme Court <a href="https://www.barandbench.com/news/litigation/who-is-liable-to-pay-outstanding-statutory-electricity-dues-after-auction-sale-of-property-supreme-court-answers">said</a>, “Where, as in cases of the E-auction notice in question, the existence of electricity dues, whether quantified or not, has been specifically mentioned as a liability of the purchaser and the sale is on “as is where is, whatever there is and without recourse basis”, there can be no doubt that the liability to pay electricity dues exists on the respondent (purchaser).” Who does it affect? The ruling made by the Supreme Court affects anyone purchasing any property in an auction. More specifically, during the auction, the auctioneer will have to mention specifically that the property is being sold on an “as is” basis, just like in the case above. If this is explicitly mentioned, the purchaser of the property will inherit all the liabilities and assets associated with the property. The purchaser will also have no recourse in this regard. SEE ALSO: <a href="https://www.businessinsider.in/india/news/indias-supreme-court-wont-allow-4g-internet-in-jammu-and-kashmir/articleshow/75670549.cms">India's Supreme Court won't allow 4G in Jammu and Kashmir⁠— despite petitioners' plea that it's essential for healthcare, education and business during the coronavirus lockdown</a> <a href="https://www.businessinsider.in/india/news/supreme-court-asks-states-to-consider-home-delivery-of-liquor-amid-lockdown/articleshow/75626269.cms">Supreme Court asks states to consider home delivery of liquor amid lockdown</a> <a href="https://www.businessinsider.in/business/telecom/news/indian-supreme-courts-ego-is-coming-in-the-way-of-peace-between-the-government-and-telcos/articleshow/74687878.cms">Indian Supreme Court's ego is coming in the way of peace between the government and telcos</a>

India’s Supreme Court says those who buy auctioned property will have to pay prior electricity bills

Walnut, a personal finance app, has created a Cashless India Scorecard comparing how each state is moving towards a cashless economy post-demonetisation, based on an aggregate analysis of its 5 million+ user’s data. 
 
<a href="http://www.businessinsider.in/take-a-tour-of-oyo-rooms-attractive-new-property-townhouse/articleshow/56781794.cms">ALSO READ: Take a tour of Oyo Rooms’ attractive new property: OYO Townhouse</a> 
 
The scorecard ranks states based on: 
 
1) percentage increase in overall cashless transactions 
2) growth in shoppers using debit or credit card for the first time 
3) growth in merchants accepting digital payments. 
 
<a href="http://www.businessinsider.in/flipkart-sells-close-to-two-lakh-units-of-redmi-note-4-within-minutes-of-going-live/articleshow/56754191.cms">ALSO READ: Flipkart sells close to Two Lakh Units of this smartphone within minutes!</a> 
 Gujarat, <keyword id="41646" type="COMPANY" weightage="20" keywordseo="Haryana">Haryana</keyword>, and <keyword id="68884" type="ORGANIZATION" weightage="20" keywordseo="Telangana">Telangana</keyword> emerged as the top 3 states with the highest growth in going cashless in the country. 
 
The app also tracked category-wise spends for the top 5 states and fuel expenditure emerged as the leading category for cashless transactions post-demonetisation. Among these states, Walnut users who had previously used their debit cards only for withdrawing cash performed their first cashless transaction to pay bills. 
 
This suggests that enabling public and private utility services such as telecom, electricity, gas, water etc. to start accepting digital payments is most likely to turn users cashless for the first time. 
 
<a href="http://www.businessinsider.in/budget-2017-expectations-of-fintech-startups-from-modi-government/articleshow/56774975.cms">ALSO READ: Budget 2017: Expectations of Fintech Startups from Modi Government</a> 
 
J&amp;K and the north eastern states featured in the end which could be due to the unrest in the states. It also suggests that they might be the worst affected due to demonetization with less technological advancement. 
​ 
The complete ranking was as follows: 
 
1) Gujarat 
2) Telangana 
3) Haryana 4) <keyword id="6357713" type="COMPANY" weightage="20" keywordseo="Uttar-Pradesh">Uttar Pradesh</keyword> 
5) Delhi 6) <keyword id="1502020" type="CITY" weightage="20" keywordseo="Himanchal-Pradesh">Himanchal Pradesh</keyword> 7) <keyword id="44522" type="CITY" weightage="20" keywordseo="Uttarakhand">Uttarakhand</keyword> 8) <keyword id="6354953" type="COMPANY" weightage="20" keywordseo="Punjab">Punjab</keyword> 9) <keyword id="37102" type="COMPANY" weightage="20" keywordseo="Andhra-Pradesh">Andhra Pradesh</keyword> 
10) Maharashtra 11) <keyword id="6355588" type="ORGANIZATION" weightage="20" keywordseo="Rajasthan">Rajasthan</keyword> 12) <keyword id="6354780" type="ENTERTAINMENT" weightage="20" keywordseo="Karnataka">Karnataka</keyword> 13) <keyword id="20154" type="ORGANIZATION" weightage="20" keywordseo="tamil-nadu">Tamil Nadu</keyword> 
14) Jharkand 15) <keyword id="6355772" type="COMPANY" weightage="20" keywordseo="meghalaya">Meghalaya</keyword> 16) <keyword id="6354915" type="CITY" weightage="20" keywordseo="Assam">Assam</keyword> 17) <keyword id="28504" type="CITY" weightage="20" keywordseo="Kerala">Kerala</keyword> 
18) Goa 19) <keyword id="6357783" type="CITY" weightage="20" keywordseo="West-Bengal">West Bengal</keyword>

Here are the top three states that scored high on the ‘cashless India scorecard’

New Delhi, Jan 5 () Power producers' total outstanding dues owed by distribution companies increased around 45 per cent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector.
 Distribution companies (discoms) owed a total of Rs 54,834 crore to power generation companies in November 2018, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
 The portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms.
 In November 2019, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 71,782 crore as against Rs 41,503 crore in the same month of the preceding year.
 Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.
 In order to give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1. Under this mechanism, discoms are required to open letters of credit for getting power supply.
 According to the latest data on the portal, outstanding dues in November has increased over the preceding month. In October 2019, total outstanding dues on discoms stood at Rs 80,635 crore.
 The overdue amount in November has also increased over the preceding month. The total overdue amount was Rs 70,477 crore in October 2019.
Discoms in Rajasthan, Jammu &amp; Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos, taking a longer duration of up to 943 days to make payments, the data showed.
 Among major states, Andhra Pradesh tops the list with 943 days to make payments, followed by Rajasthan (942 days), Bihar (942 days), Haryana (940 days), Tamil Nadu (938 days), Madhya Pradesh (927 days) and Telangana (920 days).
 Delhi takes 969 days to make payments to power gencos.
 Overdues of independent power producers amount to over 26 per cent of the total overdue of Rs 71,782 crore on discoms in November 2019.
 Among the central public sector power generators, NTPC alone has an overdue amount of Rs 12,483.16 crore on discoms, followed by NLC India at Rs 4,380.22 crore, NHPC at Rs 3,165.11 crore, THDC India at Rs 2,078.30 crore and Damodar Valley Corporation at Rs 936.59 crore.
 Among private generators, discoms owe the highest overdue of Rs 3,201.68 crore to Adani Power, followed by Bajaj Group-owned Lalitpur Power Generation Company Ltd at Rs 2,212.66 crore and GMR at Rs 1,930.16 crore. KKS ABM

Discoms' outstanding dues to power gencos rise 45 pc to Rs 81,085 cr in Nov

New Delhi, Dec 15 () Power producers' total outstanding dues owed by distribution companies rose around 48 per cent to Rs 81,010 crore in October 2019 over the same month last year, reflecting stress in the sector.
 Distribution companies (discoms) owed a total of Rs 54,654 crore to power generation companies in October 2018, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
 The portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms.
 In October this year, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 67,143 crore as against Rs 39,338 crore in the same month last year.
 Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.
 In order to give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1. Under this mechanism, discoms are required to open letters of credit for getting power supply.
 According to the latest data on the portal, outstanding dues in October has decreased over the preceding month. In September 2019, total outstanding dues on discoms stood at Rs 82,548 crore.
 However, the overdue amount in October has increased over preceding month of September. The total overdue amount was Rs 65,155 crore in September.
 The September 2019 figures of dues and overdues have been revised upwards from Rs 69,558 crore and Rs 52,408 crore provisional numbers released last month on the portal.
 Discoms in Rajasthan, Jammu &amp; Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos, taking a longer duration of up to 913 days to make payments, the data showed.
 Among major states, Andhra Pradesh tops the list with 913 days to make payments, followed by Rajasthan (912 days), Bihar (912 days), Haryana (910 days), Tamil Nadu (908 days), Madhya Pradesh (897 days) and Telangana (890 days) in that order.
 Delhi, a smaller state, takes 939 days to make payments to power gencos.
 Overdues of independent power producers amount to over 22.46 per cent of the total overdue of Rs 67,143 crore on discoms.
 Among the central public sector power generators, NTPC alone has an overdue amount of Rs 12,271.75 crore on discoms, followed by NLC India at Rs 4,413.94 crore, NHPC at Rs 3,178.42 crore, THDC India at Rs 1,883.54 crore and Damodar Valley Corporation at Rs 870.92 crore.
 Among private generators, discoms owe the highest overdue of Rs 3,201.68 crore to Adani Power, followed by Bajaj Group-owned Lalitpur Power Generation Company Ltd at Rs 2,212.66 crore and GMR at Rs 1,930.16 crore. KKS HRS

Discoms' outstanding dues to power gencos rise 48 pc to Rs 81,010 crore in October

New Delhi, Feb 16 () Power producers' total outstanding dues owed by distribution firms jumped nearly 50 per cent to Rs 88,177 crore in December 2019 over the same month previous year, reflecting stress in the sector.Distribution companies (discoms) owed a total of Rs 59,015 crore to power generation companies in December 2018, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.In December 2019, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 78,174 crore as against Rs 44,464 crore in the same month of the preceding year.Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.In order to give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting power supply.According to the latest data on the portal, outstanding dues in December has also increased over the preceding month. In November 2019, total outstanding dues on discoms stood at Rs 82,414 crore.The overdue amount in November has also increased over the preceding month. The total overdue amount was Rs 73,175 crore in November 2019.Discoms in Rajasthan, Uttar Pradesh, Jammu &amp; Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos, the data showed.Overdues of independent power producers amount to 25.45 per cent of the total overdue of Rs 78,174 crore on discoms in December.Among the central public sector power generators, NTPC alone has an overdue amount of Rs 15,695.65 crore on discoms, followed by NLC India at Rs 5,010.69 crore, NHPC at Rs 3,165.09 crore, THDC India at Rs 2,136.30 crore and Damodar Valley Corporation at Rs 822.09 crore.Among private generators, discoms owe the highest overdue of Rs 3,201.68 crore to Adani Power, followed by Bajaj Group-owned Lalitpur Power Generation Company Ltd at Rs 2,212.66 crore and GMR at Rs 1,930.16 crore.The overdue of non-conventional energy producers like solar and wind, stood at Rs 6,739.47 crore in December. KKS BAL

Discoms' outstanding dues to power gencos rise nearly 50 pc to Rs 88,177 cr in Dec

New Delhi, Mar 29 () Power producers' total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January 2020 over the same month previous year, reflecting stress in the sector.Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.In January 2020, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 76,192 crore as against Rs 51,453 crore in the same month of the preceding year. According to the latest data on the portal, outstanding dues in January has decreased over the preceding month. In December 2019, the total dues of discoms stood at Rs 86,948 crore.However, the overdue amount in January increased over the preceding month, from Rs 75,930 crore in December 2019.Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.In order to give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting power supply.The central government has given three months moratorium to discoms for paying dues to power generating companies (gencos) in view of lockdown till April 14 to contain COVID-19 across the country. The government has also waived off the penal charges for late payment of dues in the directive issued earlier this week.Discoms in Rajasthan, Uttar Pradesh, Jammu &amp; Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos, the data showed.Overdues of independent power producers amount to 25.94 per cent of the total overdue of Rs 76,192 crore of discoms in January. The proportion of PSU gencos in the overdue was 39 per cent.Among the central public sector power generators, the NTPC alone has an overdue amount of Rs 11,007.50 crore on discoms, followed by NLC India at Rs 4,731.13 crore, Damodar Valley Corporation at Rs 4,614.49 crore, NHPC at Rs 2,548.85 crore and THDC India at Rs 2,129.53 crore.Among private generators, discoms owe the highest overdue of 3,421.68 crore to RKMP (RKM Powergen Pvt Ltd) followed by Adani Power at Rs 3,201.68 crore, Bajaj Group-owned Lalitpur Power Generation Company Ltd at Rs 2,212.66 crore and GMR at Rs 1,930.16 crore.The overdue of non-conventional energy producers like solar and wind, stood at Rs 6,618.20 crore in January. KKS KKS BALBAL

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India’s Supreme Court says those who buy auctioned property will have to pay prior electricity bills

Rounak Jain

Here are the top three states that scored high on the ‘cashless India scorecard’

Tanya Dubey

Discoms' outstanding dues to power gencos rise 45 pc to Rs 81,085 cr in Nov

PTI

Discoms' outstanding dues to power gencos rise 48 pc to Rs 81,010 crore in October

PTI

Discoms' outstanding dues to power gencos rise nearly 50 pc to Rs 88,177 cr in Dec

PTI

Discoms' outstanding dues to power gencos rise nearly 32 pc to Rs 88,311 cr in Jan

PTI

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