SEPC Ltd: Madras HC Lifts ₹154 Cr Receivables Attachment

SEPC Ltd has received a major relief from the Madras High Court, which has lifted the attachment on ₹154 crore of the company's trade receivables. This follows a dispute settlement where the entire settlement amount of ₹149.5 crore was paid by another party under a 2015 indemnity agreement, resulting in no direct monetary outflow for SEPC. The court has terminated execution proceedings and closed pending applications. Consequently, all restrictions on SEPC's banking operations have been lifted, providing the company with greater financial flexibility. The settlement brings a full and final closure to long-standing disputes and execution liabilities.