POWER EXCHANGE OF INDIA LTD. THROUGH VICE PRESIDENT vs SECURITY AND EXCHANGE BOARD OF INDIA — C.A. No. 5290 - 5291/2011

Summary: The Supreme Court disposed of these consolidated appeals concerning jurisdiction over electricity futures/forward contracts on October 6, 2021. The High Court of Bombay had declared certain CERC regulations inoperative and held that neither SEBI nor CERC had exclusive jurisdiction over such contracts. The Supreme Court, with consent of all parties, allowed the appeals and directed parties to abide by terms formulated by the Committee on Efficient Regulation of Electricity Derivatives and the Ministry of Power's Office Memorandum dated July 10, 2020, which delineated the respective jurisdictions of SEBI and CERC. This case analysis is maintained by casestatus.in based on publicly available court records.