Ambani-led Reliance Power had challenged the notice of debarment and public notice by Solar Energy Corporation of India Limited (SECI) in High Court of Delhi at New Delhi. In a fresh update on the matter,

Shares of Anil Ambani-led Reliance Power jumped 3.5% to their day’s high of Rs 37.74 on the BSE on Wednesday as the company got relief from the Delhi High Court granting a stay on SECI notice of debarment against the company.

Solar Energy Corporation of India Ltd (SECI) has sent a notice to Reliance Power after a subsidiary of the power firm submitted fake documents for a tender bid.

The Delhi High Court on Tuesday stayed a communication issued by Solar Energy Corporation of India (SECI) debarring Anil Ambani-owned Reliance Power Limited fro

The exception to this ruling applies to Reliance NU BESS Limited (formerly Maharashtra Energy Generation Limited), as clarified by the court.

The Delhi High Court has granted a stay on the debarment notice and public notice issued by the Solar Energy Corporation of India Limited (SECI) against a company and its subsidiaries, except for Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited).

The Delhi High Court has stayed SECI's three-year debarment of Reliance Power over allegations of a fake bank guarantee in a battery storage tender. SECI claimed the guarantee was issued by a non-existent bank branch.

On 6 November, Seci had barred Reliance Power and its subsidiary Reliance NU BESS from participating in tenders floated by the state-run entity for three years for submitting allegedly fake documents to win a contract.