Reliance Power Limited has informed the Exchange about Corporate Insolvency Resolution Process
RPOWER · price
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On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.2 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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US Export Import Bank (US Exim) has filed an insolvency application under Section 7 of IBC, 2016 against Reliance Power Limited. The claim relates to a default of USD 165.41 million by Samalkot Power Limited (SPL), a subsidiary whose debt was guaranteed by the Company. The matter is already sub judice as SPL had filed an arbitration application before the London Court of International Arbitration on June 29, 2025, arguing the debt is not due. The Company states it has been advised that the insolvency application is not legally tenable and will be appropriately contested.
This is a significant negative development for shareholders as an insolvency petition has been filed against the Company, though the outcome remains uncertain given the pending arbitration and the Company's intent to contest the claim.