AERA's appeal against TDSAT order over levying of tariff maintainable: SC

Quick Summary:

A bench comprising Chief Justice of India D Y Chandrachud and Justice J B Pardiwala and Manoj Misra said the appeals filed by AERA against a TDSAT order, which held that the authority cannot impose tariffs on ground and cargo handling services, were maintainable.

The Supreme Court on Friday held the Airports Economic Regulatory Authority (AERA), which regulates the aeronautical charges, can file an appeal against the orders of Telecommunications Dispute Settlement and Appellate Tribunal (TDSAT).

AERA, the top court said, has a statutory duty to regulate tariff upon a consideration of multiple factors to ensure that airports were run in an economically viable manner without compromising on the interests of the public.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Airport sector Tariffs TDSAT Supreme Court AERA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 16:54:15 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © Business Standard

News ID: 23118540

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