(1.) This judgment has been divided into sections to facilitate analysis. They are:
(2.) The appellant assails the order dated 15 October 2019 of the NCLAT on, inter alia, two broad grounds: first, that the NCLT and NCLAT do not possess jurisdiction under the IBC to adjudicate on a contractual dispute between the appellant and the Corporate Debtor; and second, in any event, the termination of the PPA was validly made under Article 9.2.1 (e) and Article 9.3.1 of the PPA.
(3.) The narrative of this case begins with the Government of Gujarat notifying the Solar Power Policy, 2009[9] on 6 January 2009, for development of Solar Power projects in the state. The appellant, a Government of Gujarat undertaking, is a successor to the Gujarat Electricity Board, and is also the holding company of all the State Power Utilities in Gujarat.