Regulatory20 May 2026, 10:21 pm
Reliance Power: ₹407.6 Cr Assets Attached; Appeal Planned
AI Summary
Reliance Power Ltd disclosed the confirmation of the provisional attachment of certain assets amounting to ₹407.60 crore by the Adjudicating Authority under PMLA. The company received the order on May 20, 2026, related to alleged violations of PMLA. Reliance Power plans to file an appeal challenging the attachment. The company states that the attachment does not impact its business operations. The attachment is applicable for up to 365 days, subject to the outcome of the appeal and further proceedings.
Key Highlights
- Reliance Power faces provisional attachment of ₹407.60 Cr assets.
- The attachment is related to alleged violations of PMLA.
- Company will file an appeal challenging the asset attachment.
- The company claims no impact on business operations.
- Attachment is valid for up to 365 days, pending appeal outcome.