Post by Rajendra Beniwal (राजेन्द्र बेनीवाल)

The Rajasthan High Court’s recent ruling goes far beyond electricity duty, it speaks to a foundational question in investment law: 𝐜𝐚𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐫𝐞𝐥𝐲 𝐨𝐧 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐚𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞𝐬 𝐰𝐡𝐞𝐧 𝐜𝐨𝐦𝐦𝐢𝐭𝐭𝐢𝐧𝐠 𝐭𝐨 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬? The Court’s answer was unequivocal. Retrospective policy shifts cannot erode rights that have already crystallised. Legitimate expectations, once established, carry legal weight. Our latest newsletter unpacks the judgment and its broader implications for investors, developers, and industry stakeholders navigating an evolving regulatory landscape. #PolicyCertainty #InfrastructureLaw #RenewableEnergy