Delhi HC stays clean energy agency's ban on Ambani's firm Reliance Power

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Delhi HC stays clean energy agency's ban on Ambani's firm Reliance Power - Business Standard

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"High Court of Delhi, in its hearing held today, has granted stay on notice of debarment and public notice issued by SECI against the company, including all its subsidiaries except Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited)," the firm said in a stock exchange filing.

The Solar Energy Corporation of India (SECI) had earlier this month barred Reliance Power and its units from participating in auctions for three years over allegations of submitting a fake bank guarantee to support its bid for a recent battery storage tender.

The Delhi High Court has stayed clean energy agency SECI's decision to bar Anil Ambani group firm Reliance Power Ltd from participating in auctions for three years, the company said on Tuesday.