The government (Centre) had appealed in the Madras High Court against the stay and the case was heard on Tuesday. The arguments continued for the second day and the case has been adjourned till Thursday, reports CNBC-TV18's Swathi Narayanan.
After all the arguments were over, the Madras High Court asked the Centre if they would accept bank guarantees for the difference in price from the date on which the interim order was passed till this entire matter has been heard completely.
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From January 2013 bulk consumers are being charged market price and the Tamil Nadu government is against this so it has filed an appeal in the Madras High Court.
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