The Anil Ambani-linked Reliance Power made a regulatory filing to the stock exchanges here on Friday denying media reports of the Enforcement Directorate (ED) conducting searches at premises linked to the company in Mumbai and Hyderabad.
A Bench of Chief Justice Surya Kant, Justice Joymalya Bagchi and Justice Vipul M. Pancholi said the seriousness of the allegations warranted a senior-level probe by the ED.
The company’s secured debt of around Rs 33,000 crore.
Anil Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from the company earlier this month.
The Reliance Communications has clarified that the tax issue of subsidiary Reliance FLAG Atlantic France SAS pertained to the year 2008 and had been settled as per the local laws, much before the Indian government decided to purchase Rafale jets from French company Dassault
The Supreme Court earlier in February held Anil Ambani and two directors guilty of contempt of court on a contempt plea filed by Ericsson India against him over not clearing its dues of Rs 550 crore.
He said the company is awaiting final approvals for spectrum sharing and trading from the Department of Telecom.
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