The appeals arose from a policy introduced by the State of Kerala in 1992, granting new industrial units and units undergoing modernization a concessional power tariff for five years if ... they began commercial production within a specified period. The appellants, including M/s A.P. Steel Re-Rolling Mill Ltd., alleged that despite complying with requirements and substantial investment, they were denied the concessional tariff due to delays caused by the Kerala State Electricity Board (KSEB).