Legal3 Jun 2025, 11:48 am
Reliance Infrastructure Limited: No Impact of NCLT Order, Rs. 92.68 Crore Paid to Dhursar Solar Power Private Limited
AI Summary
Reliance Infrastructure Limited has made a full payment of Rs. 92.68 crore to Dhursar Solar Power Private Limited, towards the claim of tariff as per the Energy Purchase Agreement with the Company. The Company has preferred an appeal before the Hon’ble NCLAT to seek withdrawal of the Order dated May 30, 2025 passed by NCLT Mumbai in case no. C.P. (IB)/ 624(MB)2022, for Corporate Insolvency Resolution process and appointment of the interim resolution professional. The NCLT Order has become infructuous as legally advised, upon full payment having already been made.
Key Highlights
- Reliance Infrastructure Limited has paid Rs. 92.68 crore to Dhursar Solar Power Private Limited
- The payment has been made towards the claim of tariff as per the Energy Purchase Agreement with the Company
- The Company has preferred an appeal before the Hon’ble NCLAT to seek withdrawal of the NCLT Order
- The NCLT Order has become infructuous as legally advised
- Reliance Infrastructure Limited has no impact or bearing of NCLT Order on any of its subsidiaries