India, July 6 -- In a bid to save the ailing power companies, the State Bank of India (SBI) has approached the Supreme Court looking into the implementation of recommendation of a committee which suggested a tariff increase or waiver of a portion of the loan owed to the bank by these companies. As per the SBI's affidavit, the three power companies belong to Adani, Tata and Essar Groups and are operating in Gujarat and owe more than Rs 35,000 crore to it.

The Supreme Court in April 2017 had disallowed the power generating firms from increasing their tariff and ordered them to stick to promised tariff in the agreement with the State Government. The SBI was roped in to save the loss of power companies, which were barred by the SC in increas...