Reliance Power's subsidiary, Reliance NU BESS, has been granted interim relief by the Delhi High Court against disqualification from three bids due to an alleged fake bank guarantee. The court stayed SECI's ban on Reliance Power and its subsidiaries, except Reliance NU BESS, over natural justice principles, setting the next hearing for December 12.
Reliance Power is an India-based energy company that develops, constructs, operates, and maintains electric power projects for commercial and residential sectors.