Legal9 Jul 2025, 12:24 pm
Reliance Power Subsidiary Secures High Court Stay on Proposed PPA Termination by Solar Energy Corporation
AI Summary
Reliance NU Suntech Private Limited, a subsidiary of Reliance Power Ltd, has successfully challenged a notice issued by Solar Energy Corporation of India Limited. The High Court of Delhi granted a maintenance of status quo between parties and restrained Solar Energy Corporation of India Limited from taking any coercive actions. This development comes as Reliance NU Suntech Private Limited seeks to prevent the proposed termination of its power purchase agreement.
Key Highlights
- Reliance NU Suntech Private Limited, a subsidiary of Reliance Power Ltd, has challenged a notice issued by Solar Energy Corporation of India Limited in High Court of Delhi
- The Hon'ble High Court of Delhi granted maintenance of status quo between parties and restrained Solar Energy Corporation of India Limited from taking any coercive actions
- This decision comes as an attempt to prevent the proposed termination of the power purchase agreement
- Reliance Power Ltd subsidiary seeks legal recourse in High Court of Delhi
- High Court grants status quo, protecting the power purchase agreement from proposed termination