RIL Infra: BSES Yamuna, BSES Rajdhani,  asked to clear Rs 1,864 crore dues
RIL Infra: BSES Yamuna, BSES Rajdhani, asked to clear Rs 1,864 crore dues
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Two power distribution companies of the Delhi government and Reliance Infrastructure Ltd have been asked to pay Rs 1,864 crore of overdue electricity payments or face corporate insolvency proceedings, according to payment notices.

Aravali Power Company Pvt Ltd (APCPL), a joint venture of state-owned NPTC, Haryana Power Generation Corp Ltd (HPGCL) and Indraprastha Power Generation Co Ltd (IPGCL), have slapped separate payment notices on BSES Rajdhani Power and BSES Yamuna Power for defaulting on payments for the electricity they buy from its Jhajjar plant.

 It sought Rs 999 crore from BSES Rajdhani Power Ltd (BRPL) and another Rs 865 crore from BSES Yamuna Power Ltd (BYPL), according to January 2 notices. These dues have been accumulated for the electricity they bought up to March 2020. The dues after that are not being pressed as the period has been classified as pandemic-hit era.

In the notices, the firm asked the two companies to "unconditionally repay the unpaid operational debt (in default) in full within 10 days from the receipt of this letter failing which we shall initiate a corporate insolvency resolution process.

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