Supreme Court
The Supreme Court on Thursday closed the case of alleged corruption involving politicians, bureaucrats in in the Enron-Dabhol power project case.
Earlier on February, The Supreme Court rejected the Maharashtra government's plea to close the case.
The USD 3 billion mega power project was set up in Maharashtra by US-based Enron and its associates Dabhol Power Corporation in 1996 after signing of Power Purchase Agreement (PPA) with Maharashtra State Electricity Board (MSEB) in 1993.
Dabhol Power Company (DPC), now known as Ratnagiri Gas and Power Pvt Ltd, a joint venture of NTPC Limited, GAIL and Government of Maharashtra was established in 2005 to take over and revive the assets of the defunct DPC.
(This is a developing story)
With inputs from PTI.
