Akshat Jain

Akshat Jain, Partner, JSA

Akshat specializes in handling sector specific commercial litigation and his primary focus area is regulatory proceedings before statutory authorities, tribunals and courts, commercial litigation, and Constitutional & Administrative law litigation with focus on energy sector.

He handles varied aspects of legal, regulatory and policy issues and is regularly consulted on tariff disputes, open access and captive generating plant issues, disputes relating to force majeure and change in law, transmission and distribution related issues, trading, challenging sub-ordinate legislations/ bye-laws and other disputes relating to energy sector, renewable purchase obligations, EPC disputes.

He regularly appears before the Supreme Court, High Courts, Appellate Tribunal for Electricity, State electricity Regulatory Commissions for private generating companies (conventional and renewable), trading licensees and distribution licensees. He recently advised and represented a generating company in arbitration proceedings and successfully defended the claim for liquidated damages against the company. Akshat was recently recognized as a recommended JSA lawyer in the Disputes practice by RSG India Report 2019.

Akshat has been practicing law since 2010.

 

Memberships

  • Bar Council of Delhi
  • Delhi High Court Bar Association

 

Publications

  • ‘Power woes: Govt cracks whip on defaulting discoms, but is it enough?’ published in CNBC TV 18
  • ‘Adapting to and Mitigating Climate Change through Legal-Regulatory Frameworks’ alongwith Amit Kapur published in American Bar Association
  • Co-authored the White Paper on ‘Infrastructure – The Opportunity and Challenges’ for the Global Business Summit, 2020

 

Education

  • B.B.A.LLB, Symbiosis Law School, Pune

 

Languages

  • English
  • Hindi

Some of the key assignments in these areas handled and being handled by Akshat amongst others, cover the following:-

  • Evaluation of contractual arrangements / regulatory & legal framework to facilitate compliance, and advising clients on processes to avoid / mitigate risks in the conduct of business.
  • Providing strategic advice and anchoring disputes on regulatory issues such as generation and distribution tariff(s), change in law issues, parallel licensing issues, open access, transmission infrastructure, captive power plant and allied issues, both for conventional and renewable energy power plants.
  • Advising clients on issues related to emission standards and risk mitigation in terms of applicable Ministry of Environment, Forest and Climate Change directions.
  • Consulted by generating companies, distribution utilities, traders on risk mitigation and advisory, analysing policy decisions, regulations and its impact.
  • Appearing before the Central Electricity Regulatory Commission and the Appellate Tribunal for Electricity for thermal power generating companies for their complex disputes relating to cost plus as well as bid out tariff(s).
  • Advising and appearing on behalf of leading thermal power plants on issues relating to installation of FGD, in principle approvals and declaration of change in law for securing finances from lenders.
  • Advising and appearing for renewable power generators (wind, solar, bagasse, bio-mass) before the Appropriate Commission(s) and advising on day to day operational issues.
  • Advising and appearing for a leading cement manufacturer before the Madhya Pradesh ERC and the Appellate Tribunal securing favouarable orders qua issues on cross subsidy surcharge, additional surcharge et al.