Reliance Power Insolvency Petition
Export Import Bank of the United States (US Exim) filed an insolvency application against Reliance Power alleging a ₹1568.09 Crore debt default. The debt pertains to subsidiary Samalkot Power Limited and is guaranteed by the company. Reliance Power is contesting the application as legally untenable, noting the matter is already sub judice in the London Court of International Arbitration.
- Value
- ₹1,568 Cr