SC Slams Existing Industries' Attempt to Grab New Industry Perks: "Promissory Estoppel Can #shorts

The Supreme Court delivered a significant ruling while allowing an appeal filed by the State of Himachal Pradesh against a manufacturer that had sought concessional electricity charges meant exclusively for new industrial enterprises. A Bench of Justices J.B. Pardiwala and K.V. Viswanathan set aside the judgment of the Himachal Pradesh High Court, which had directed the State to issue an enabling notification extending the benefit of a 15% concessional electricity tariff to the respondent, M/s Kundlas Loh Udyog, an existing industrial enterprise that had undergone substantial expansion.
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