Legal2 Jun 2025, 08:01 pm
Reliance Infrastructure Pays Rs. 92.68 Crore to Dhursar Solar Power, Seeks Withdrawal of NCLT Order
AI Summary
Reliance Infrastructure Ltd has made a full payment of Rs. 92.68 crore to Dhursar Solar Power Private Limited, settling a claim of tariff as per the Energy Purchase Agreement. Following this payment, the company has preferred an appeal before the Hon’ble NCLAT to withdraw the Order dated May 30, 2025, passed by NCLT Mumbai in case no. C.P. (IB) 642/MB/2022, for Corporate Insolvency Resolution process and appointment of the interim resolution professional. The company believes that the NCLT Order has become infructuous upon full payment having already been made.
Key Highlights
- Reliance Infrastructure has paid Rs. 92.68 crore to Dhursar Solar Power Private Limited
- The payment was made towards a claim of tariff as per the Energy Purchase Agreement
- Reliance Infrastructure has appealed to the NCLAT for withdrawal of the NCLT Order
- The appeal is for the withdrawal of the Corporate Insolvency Resolution process and appointment of the interim resolution professional
- The company believes that the NCLT Order has become infructuous upon full payment having already been made