Reliance Power-SECI Ban: Delhi High Court Relief For Anil Ambani's Company - Details

The Delhi High Court has granted a stay on the debarment notice and public notice issued by the Solar Energy Corporation of India Limited (SECI) against a company and its subsidiaries, except for Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited). The company had previously challenged SECI’s notice in the High Court, the company said in an exchange filing on Tuesday. 

Reliance Power SECI Debarment Stay: What Delhi High Court Order Said

“In furtherance to our earlier letters dated November 07, 2024, November 14, 2024, and pursuant to Regulation 30 of the Listing Regulations, we would like to inform you that the Company had challenged the notice of debarment and public notice by Solar Energy Corporation of India Limited (SECI) in High Court of Delhi at New Delhi,” the exchange filing read. 

The High Court’s ruling, delivered during a hearing held today, halts the debarment action by SECI, which had placed restrictions on the company’s participation in future bidding processes. The decision comes as a relief to the company, which had raised concerns regarding the notice and its potential impact on business operations.

Reliance Power Seci Tender Ban: What's The Matter - In A Nutshell

This development follows the company’s previous letters, dated November 07, 2024, and November 14, 2024, in which the company informed stakeholders about its legal challenge to the SECI notice under Regulation 30 of the Listing Regulations.

The outcome of this case could have broader implications for the company’s future participation in India’s growing solar energy sector.