India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid,

Solar Energy Corporation of India Ltd (SECI) has sent a notice to Reliance Power after a subsidiary of the power firm submitted fake documents for a tender bid.

The Solar Energy Corporation of India (SECI) has issued a showcause notice to Anil Ambani-owned Reliance Power, asking why it should not take criminal action against the company for submitting “fake bank documents” through a bank that has no branch from where the documents supposedly originated.

Notably, the setback for Anil Ambani-led Reliance Power came days after it posted a consolidated net profit of Rs 2,878.15 crore in the July-September quarter of current financial year, and became debt-free.

SECI has issued show cause notices to Reliance Power for submitting fake bank guarantees, prompting potential criminal proceedings.

SECI has issued showcause notices to Reliance Power and its arm for submitting fake bank guarantees in bids, potentially leading to criminal action.

India's Reliance Power, a subsidiary of the Reliance Group, has announced that it will legally challenge a three-year ban by state-owned Solar Energy Corporation of India Limited

Last week, SECI imposed a three-year ban on Reliance Power from participating in its clean energy project tenders after discovering that one of its units had submitted a counterfeit foreign bank guarantee.

Reliance Power, run by Anil Ambani, faces criminal investigation after a subsidiary submitted fake bank guarantees for a clean energy bid. SECI has also imposed a three-year ban on the firm.