🇮🇳India

जमा धनराशि पर ब्याज गणना और अनुपालन विफलता

1 verified sources

Definition

High Court ruled that Bescom's failure to refund deposits within reasonable timelines violated Electricity Act 2003 §42. Interest accrual rules were unclear, leading to disputes over applicable interest rates. Manual refund processing by Bescom created delays and regulatory exposure.

Key Findings

  • Financial Impact: Estimated: Interest liability at 6-9% p.a. on ₹1.91 crore for 16 months = ₹15-22 lakh; Court litigation costs (legal fees, expert witnesses, prolonged case): ₹5-10 lakh per case; Estimated KERC ombudsman backlogs creating 50-100 similar cases: Aggregate exposure ₹7.5-22 crore
  • Frequency: High during 2013-2015 (pre-standardization period); Currently moderate post-2015 clarity
  • Root Cause: Unclear KERC interest calculation schedule; Manual refund approval process; No automated interest accrual systems; Reactive rather than proactive refund initiation

Why This Matters

The Pitch: Indian DISCOMs risk ₹100+ crore in regulatory compliance exposure through improper deposit interest accrual. Automation of interest calculation per KERC Schedule and automated refund processing eliminates ombudsman complaints and court liabilities.

Affected Stakeholders

BESCOM finance & accounts, KERC ombudsman, Billing system administrators

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

बॉन्ड इश्यूंस में विलंबित संवितरण - Allotment से Settlement तक

₹1–3 crore delayed working capital for ₹100 crore bond issuance; 4–7 day settlement lag; cost of temporary liquidity bridging (~8–12% annualized cost)

ऋण सेवा प्रबंधन में डेटा दृश्यता का अभाव - Coupon Payment & Maturity Tracking

₹10–50 lakhs per year (coupon payment errors, late-payment interest, bondholder dispute resolution); reputational cost (rating downgrades on payment delays); audit findings flagging weak debt service controls

BRSR & ESG Reporting Non-Compliance Fines

₹2,000/day per entity (~₹730,000/year per company); aggregate statutory penalty exposure ₹2+ crore across top 150 listed entities annually

Environmental Compliance Infrastructure & Audit Investment

₹50-150 lakh one-time capital (ETP/CEMS installation); ₹10-25 lakh annually (monitoring, audits, permit renewals); estimated ₹30-40 hours/month manual compliance administration

Environmental Violation Fines & Project Closure Risk

₹5,000/day (water violations); ₹15,00,000 (air/CTE non-compliance); +₹50-200 lakh indirect loss per project closure (lost production, rework)

Environmental Clearance & EIA Approval Delays

₹5-20 crore opportunity cost per delayed project (lost revenue, interest on idle capital); ₹50-100 lakh resubmission costs per EIA rejection; 12-24 month timeline extension = working capital drag

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