The company alleged that the government has directed to cut off power supply to it from Monday if it failed to clear the bill.
The SC has agreed to take up the petition of BSES Yamuna Power against National Thermal Power Corporation (NTPC) after the former requested the court to step in citing "urgency" due to the impending power supply cut.
Kejriwal had asked the region's power regulator to revoke the licenses of Ambani-owned BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd. However, a tribunal yesterday said that being the 51% stakeholders, the firms' licenses cannot be revoked without its permission.
Delhi government had further warned them not to threaten the city with long power cuts because of cash crunch. The distributors allege that the regulator has failed to increase power tariffs according to the rise in power costs, resulting in a revenue loss of more than Rs. 15000 crore.
The Delhi government said,"In the event of the licences being revoked, "suitable officers" would be appointed to administer the distribution companies and keep power switched on."
BSES Yamuna Power has already expressed its inability to pay state-run power generation companies due to shortfall in revenues and lower power tariff. The power companies have also said that if the row continues, they will force a power outage of 10 hours a day.