In the matter of the CERC (Procedure, Terms and Conditions for Grant of Trading Licence and other related matters) Regulations for inter-State trading of electricity in all States and Union Territories of India – EQ
Summary:
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## 📌 Case Overview
* **Petitioner:** *Aayuda Energy Ventures LLP (AEVLLP)*, Delhi.
* **Subject:** Application under Section 15(1) of the Electricity Act, 2003 & CERC Trading Licence Regulations, 2020 for **Category V trading licence**.
* **Order Date:** 14th August 2025
* **Coram:** Chairperson Jishnu Barua & Members Ramesh Babu V., Harish Dudani, Ravinder Singh Dhillon.
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## âš¡ Petition & Proceedings
* AEVLLP applied for **Category V inter-State trading licence**, valid for trading in **all States/UTs in India**.
* Public notices were published in national newspapers (Business Standard, Financial Express, Indian Express, Dainik Bhaskar).
* **No objections** received from stakeholders.
* Financials:
* **Net worth requirement:** ≥ ₹2 crore.
* **Liquidity & current ratio:** ≥ 1:1.
* Verified from **Audited Balance Sheet (18.03.2025)** – petitioner met criteria.
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## 👥 Key Professionals in AEVLLP
* **Mr. Rachit Kumar Agarwal (CTO/Partner):** B.Tech + MBA Finance, 15 yrs exp. (12 in power sector, AI-driven energy portfolio, trading, forecasting, policies).
* **Mr. Suresh Kumar Agarwal (Chairman):** B.Com, LLB, FCA, ACS, CA, CS, 40 yrs exp. (policy advisory, ARR filings, tariff orders, PX operations, renewable integration).
* **Ms. Ishani Agarwal (CHRO/Partner):** BBA + MBA HR, 15 yrs exp. (org. development, compliance, reporting, HR).
This satisfied Regulation 3(2) requirement of having full-time professionals with power/finance/legal expertise.
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## 📜 Commission’s Findings & Decision
* Petitioner met all requirements of Trading Licence Regulations.
* Assurance filed: company will not engage in **transmission business** unless trading licence is surrendered.
* **Hearing (07.08.2025):** Counsel confirmed no objections received & compliance commitment.
* CERC found petitioner **eligible for grant of Category V licence**.
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## ✅ Final Order
* **Trading Licence Granted:** Category V, valid for **25 years** (subject to compliance).
* **Conditions imposed:**
1. Must comply with Electricity Act, Rules, CERC Regulations.
2. Cannot engage in transmission during licence period.
3. Trading margins strictly as per regulations.
4. Maintain net worth, liquidity & current ratio.
5. Continue to meet qualifications/disqualifications.
6. Submit reports/information as directed.
7. Pay annual licence fee on time.
8. Non-compliance → licence liable for revocation.
9. If no trading within **1 year of grant**, licence may be revoked.
* Copy sent to **Ministry of Power** & **Central Electricity Authority (CEA)** for records.
* **Petition No. 456/TD/2025 allowed.**
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