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Supreme Court Upholds CESC’s Right to Encash Solar Developer’s Bank Guarantee

The court held that the developer did not properly seek an extension of the PPA timelines

August 26, 2025

/ Arjun Joshi
/ Markets & Policy, Solar
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The Supreme Court of India held that Chamundeshwari Electricity Supply Company’s (CESC) decision to encash the performance bank guarantee furnished by Saisudhir Energy was fully valid under the power purchase agreement (PPA).

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Arjun Joshi

More articles from Arjun Joshi.
Chamundeshwari Electricity Supply CompanyForce MajeureSolar ProjectSupreme Court
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