Asopus Infrastructure Limited And Another v. Punjab Energy Development Agency And Another




  
   

  !"#$%&'() (* +,-$ *&.('(&'(  !/
$$//$0"1*  ** $ +$/

2# $34+,!" 3 4 1 $  ** !   &* +,-$ *(5(6(&'() $/
$$//$ ,40"1* $  ** $ +$/

2# $34+,!" 3 4 1 $  ** ! 
 



 
 
 


      (*-$ !$$,,!!$"4#,,712/13" 8 &*-$#$$$1 !$$$ 8 9*-$2/13" /,1#$!$1 38 $   :$*  24;/,%  $1+7 :$* ;

%1+% :$* /",%1+% :$*: +22%1+$! $* :$* 2 1$4,%11,*1+ $,% 2#% $$! <  2#* :$*14$+$%1+%$$! *(< * $* ",   1/% $*1+7 :$*: 1! *;,, %1+%$$! *9<

20,41
$$//$01* ==== 
 
 

$ *&   #  !    +,!"  0"1*  ! $   #  !  $ 1 "! *
 #  ! %  ! $ + /3  7$  $$$  >/  1 <1   /1   $ ! $ ,, 3/! "7/74,$,," %
"!," 3$"  /$3$"  $1 #7 !$

/,1 #$" 1 1# ?3/$ #  +?1 1 !$$" /$4# $1* 7/  -$

*&.('(&'(  1-$ *(5(6(&'()$11 ( *((*&'(   1 '@*'5*&'() $!+,4*   ! $      +,/37$" 1"/1$ 3$! *&**  2#!!$+ 3 !/#,!/$! 1 3 , / 1!$" $, 3,! $*( $!, 1 71# >/$1$! $*&< A7$" 1"/ 1$ 3  $!   B 1  " ,  $ "" 3  !$2 1,,$+$"1/!!$+,A $1$ 1$ 3$! ,,7! $*( !  1+,!,$!7$!$2 $1 7  ,4%&'(&  $1  7 
"!,"  3$"  11 (6*'9*&'() 

/$3$" 119(*'9*&'() #,! $*(  /!!,4  !7$   $$ !1 $   1  7$  " 1"/ 1$ 3$! *& 1$$!$ ! $*& $ $C#4" ,D!$$7,/#2, 1 +/$  4,"! /#4 4"  1$/ 1#4 "$33$!/$!1+,! 3 $2* >/ , $1$$$ 3$! $"? 3 4$+!!/$/  7/  1$"/ 3 $ 4$!$ $"  ,, 3  3$"   $1   7 ! $ *( $ , /3* &* - 7,, $  +   $$    $" +, -$

*&.('( &'( *
 4$ &'('% +$ 2#  $1 :"$ 1/"

1$ 1 3C:

D7! $*&<

/ 1$7! $*&7/!$", , *
$3$1%#/5''$, 17>/$1#4+$

2# $ ! $ *&*  "!   33$3 3 #/
&&' $$ 7 !1 #4 ! $ *&* 7+$%   $$%  +$ 
1?1 3+ 4$, ?3,* $1 3! $$/,1 $/$ !$2* $$ 3"     /#2 "$   7$ ! *  $ $ ! %7+$%1$/,E 3, 1$ !/$!  "!,"  3  3$"   $1   #4 " 7  $! 777,, 7$$* 9*  +$   2# $,+1  / 1$?  1+,!" ,$!7$/ 1$  ,4%&'(&$/3!$+ $ !$!  / 1$  F7 $1 

1 ,$  G,

$2 / 1$ <(H*  +$   2# !! 1

 1,3 4$, 311+,!" *

 $1 3,4  +1 !$!, #4  $>/ $ !$!, 11 ((*'9*&'(9* $ +,/ 3  !$!,%  !1  #1  $*( 1/1,$7$111&&*'@*&'(9 $<,$  B/    
"!,"  3$" *  
"!," 3$" 11(6*'6*&'(97$1 3,4 $1 #7 $ $  1 F 2#  $34 +,!"  3 4H C D / 1$  !$"  < +  , $34 /$%+$ 2#*

   /  7$   $!  *(<  $ $!  *&<  2# $ 3!$4*3$" # B/1 F$  1   #,   +$ $  2#H* $  " $ 4    $3$1*  $" 3$"   1 1  "  

"!," 3$" 3 1#7 F  1"! 4H* 3$" 1  " 1,3 4+$

2#$1+,!" 7  7#, $34 /$* $ !/$!$1$ 12/13" %  $4117 $!  $ 3!$4*

*

/$/  $  /$ 3$"  7  $1 #7 ! $*( 1 2#  7$$!$ 01*

0D*
"!," 3$" 7#$1  3$, !$   /$ 3$" *

1$  /$ 3$" % ! $ *( 7  ,, 

0  ,$  $34 3 $1    ,$ !7$ !,   #  /! 

0 3$1  !/$/ $34/! $" 1 1   1$ * )* :$*;/,%,$ 1  $/ ,!!$ 3 #, $$,1/!   ,4&'(& $<,"!E +$   11 /$3 3 1!$" 3,$!7$?! 3 " 1  $<,   +$ , #     /  ,$  $34*

$ *(    #1 1 1   !$!1  3 /!  ,$ !7$!$2 , 171# >/$1$! $*&$  3 /!  $", , * $ *& #4  ,$ 11 '.*'6*&'(9 $$$1   #+   1 1   7/,1 #    $,, $ 1 ,/1 33 $,!/#,, 1#/,E1 $!/$!1+,!" ,$!7$!, #/!!/$/  $13$"  1 3!/#,!/$!$",

, ,$!7$!, 7/,1#,3, 1+,1* $*&% $$%$>/1  2# 3!/#,!/$! , 1>/$1$

0$"/$ 3/!$",!7$!, 

 ,$!7$!,  $!!!$B",4@&9$*,/3,$ 1 B!$,477,,!$/""!,1$ 7$>/ 3$ ,$!$"/#<,, 1$! $$ !/$!"!,"  33$"  $1 #4"7 $! *
#4,$11& *'@*&'( %777,,$$3  $ B%! $*&1!,

1/, 1$ 1+,!"    ,$ !7$ !$2  #  /! #4 ! $ *(*
 !!$% $$%    3 ! $ *& #,+1   7  ,1 1  4+ 7/,1#,,71!$"3$/!"!  /1, 1*
$$
"!," 3$" 11 (6*'6*&'(9 7  $1   #7  ! $ *(  1  $!   1 /$3$" 7 $1 #7 ! $  1

0* .* $7 $! ! $I$>/$ 3  !/#, !/$!%  ! $ 7$ / #,  ""   "!,"    ,$ !7$ !$2* 4  ,$ 11 &'*'.*&'( % $ *( /3   B    " $ /#"   , 1/"  1$1#,4$*$$!  /1#7 ! $   1 1/$ $ $3$1*

$   % $! *(#4   <", 11&6*'@*&'(  ,,1/! $*(/#", 1$3$ !!$* $*(#4 $!,4119'*'@*&'( C

B/$ <5D11, 11,$14 # "/1 +/$3$/!"! 4% ",4%! $*&   +$   2# 1 ,$14 #  $>/1  ,,7   3  !/#, !/$!   1 , 1* $ *( 1  

 7/,1/#", 11/"  3!!$+, 3 , 1/$"+$ 2#* @* +$, $" 1$ 7$ 11$1 #4  ! $ 7 $!  $ 3 !/#,!/$!*! $," + " "? +$/!7$1"!,"  ,$!7$!$2*+$ 2#,, ? 1 $3$1*! $I3$+ 1!"1 7/ 11( *((*&'(  1'@*'5*&'()7$/1$ $ #-$ *$! $+$!,1 7/ * 5* :$* ;/,% $ 3,4 /$31 /  /  7$ 1$ 3   2#3$ $>/$ 3, 1/ 1B/ ,$!$"!

 $*&B/,CD +/$$ $ $!1, 1,B $>/$1$ "!," ,$!7$!$2#4$! $!/$/   1 $1 7$13$" */#"1 $1,$14 +1/3"/ 7$1"!," $1!$2*/311$/ ! 7 !$"#, $  & 1 $!   3$  #  $>/*  /$$ /#"1  2/ 1" 1       1 $/"      $>/ /3  # 3$ 1*
    11   " 7/,1#  $!/#,,$3 17/,1# /$$  !,4+$  /$3 1!

! *(<  $ 1  11 $1",1" #,+ 341$>/, 1 "!," ,$!7$!$2/3 411 +,



$4  "!,"   !$2  1  4 1 1,41  "!,"  3  !$2* $1 3,4% 4 /#"1    ,, 3 /!   $ ! $  7 / 7$ 2/#,4 /1*

! *(,  11$! $$  ,1 "$  $3   , $ /#<,   1 , 1 7 1 # >/$1 $ ! $ *&* 4 /#"1% $$%   ! /3#1"1* ('* -3$7$! ! ,#,# 1"1#/  #/#"  $#, "$*
/$+7%7$! !$<"/$*-$  , 1 $  !    3 $ "$     $ * $,4%  "$ $3$1 3  $ ! $I $>/ $  3  , 1 /  ! 1 3 #$+$ 2#*+$ 2#"/? 1  74$$ 1"/1B!1/,4*-  B!1 3"$ $# !

 $#/$#      1  !/#,  ,$3*
   $4  B!,   "!$ !7$!$2*
$#+/*"$# ! 1 37+$ 2#$""*""/# 111 B!1/,4*  1,4%   +$   2# 3$  !!$+,%!#,$! *($$! *& "4#7/,1?" / 7, 1$ 37$$  $" 3$"  1 # ?3/$ *:$+$% +  /" 3    $ 1 $!  $"   3$"  ,/1 3
"!," 3$"  /$3$" % 4"4  $,4? 4/$$  ,/1 3 +? 3# ? 3/$ * ,1  $3$1#+/,4 # ?

 11/3 #? 3*
"/71   2#3$ $ 3$ ! $I$>/$ 3 !/#,!/$!* ((*
$/" %7$! $1!17 ,,7 31$  < D

!  *& ,, ?  1     ! $I $>/$ 3 !/#,!/$! $!1559 $  , 1 >/$1 $ ! $ *&  1    $I $>/ $  3$   ,  1J$ /#<,  $!$ +/$$! $$!/$!  "!,"  3  ,$ !7$ !$2* $$  $!   $ 1 ,, ?  1 J!   $1$  $!7/ * D
  " "  1   1  $ 1+$   $%$!$137?$1   7 /  $ $+1 /!   ! $%  $!  ,,   +? # ?3/$ * $1$% 7+$%  /#2   ! $ ?! 3  # ? 3/$  ,+ $" "  " $  "/  1 $ 3$7 $(&K!$

/"/#2  , $   $ # 3 111*  3/$  ,, # " 11   ,/1  !$+  $  $ #4 ()*('*&'()* 3/$ ,,#$ 71 17$  " $ ,, # $+1 /!   $!  /$ 7? #$  B!$4$, 37$! ,,# ,1 +?"*
7/,1#! !$+

$ $ 31 !!$!$!$1 3 ,/1 3#4 74 !!,  !  + # ? 3/$ # 3 +?1*   C **GL
 D 

  
 '

*'6*&'()  C
 

 D