The Delhi High Court has stayed the Solar Energy Corporation of India’s (SECI) decision to bar Anil Ambani group company Reliance Power from participating in auctions for three years, the company said on Tuesday.
Earlier this month, SECI barred RPower 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. Reliance Power had challenged the order in the Delhi HC.
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“The 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 (formerly known as Maharashtra Energy Generation),” RPower said in a stock exchange filing.
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