SEPC Limited Resolves Disputes with ₹149.5 Crore Settlement, Court Order Issued
SEPC Limited has resolved disputes through a compromise settlement of ₹149.5 Crores, as per a High Court of Madras order dated September 30, 2026. A demand draft of ₹147 Crores was submitted, with ₹2.5 Crores already with the court. This settlement leads to the termination of execution petitions and lifting of attachments, unlocking ₹154 Crores in receivables.
The settlement amount is significant and resolves past litigation, which could improve operational flexibility and financial standing. The unlocking of receivables also has a positive financial impact.
The resolution of long-standing disputes through a settlement and the subsequent lifting of attachments and banking restrictions are positive developments for the company.
SEPC Limited announced an update on previous disclosures regarding an order from the Hon'ble High Court of Madras. On September 30, 2026, the Court passed a Common Order in the matter of several Execution Petitions (E.P.Nos.7 of 2024, 91 & 92 of 2023, 15 & 16 of 2025, and E.P.(SR).No.126896 of 2026). A Joint Memo of Compromise, executed between the Award Holders and Judgment Debtors (including SEPC Limited), was presented to the Court. The parties have mutually agreed to fully resolve all outstanding disputes for a total consideration of ₹149.5 Crores.
As part of the settlement, a Demand Draft for ₹147 Crores (drawn on Axis Bank) was submitted, and a remaining balance of ₹2.5 Crores, which was already with the Court, will be paid to the Award Holders. In light of this settlement, the Hon'ble High Court has officially terminated all listed and un-numbered Execution Petitions and closed all connected pending applications. Consequently, all interim attachments made under these petitions have been completely raised. The settlement effectively concludes all long-standing disputes and associated execution liabilities.
The attachment of receivables amounting to ₹154 crores has been removed, and restrictions on banking operations have been completely lifted with immediate effect. The direct monetary outflow for this settlement is Nil, as it was entirely covered by JD-1 under a 2015 indemnity agreement.
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