Photo of Nishant Nagori

Nishant Nagori

Associate in the Financing Practice at the Mumbai office of Cyril Amarchand Mangaldas. Nishant can be reached at nishant.nagori@cyrilshroff.com

TDSAT redefines aeronautical tariff setting in Indian Airports

Summary: This blog post examines TDSAT’s significant July 2025 ruling that ended a decade-long dispute over aeronautical tariff determination principles for Mumbai and Delhi International Airports. The decision mandated the use of Single Till mechanism and required back-solving the Target Revenue Formula to calculate the Hypothetical Regulatory Asset Base, overturning AERA’s previous approach.Continue Reading TDSAT redefines aeronautical tariff setting in Indian Airports