The bench then observed that the amount of Rs 300 crore which is to be paid to NTPC is a small amount for Reliance. “You won't go bust by Rs 300 crore. We are sure that you will be able to pay the amount,” the bench observed.
NTPC had last week issued notices to BSES Rajdhani and BSES Yamuna on the issue of payment security mechanism and non-payment of outstanding dues to the state-run company.
After issuing notices to them on February 1, NTPC had on February 4 said unless its dues are cleared, the company may have to stop power supply to these discoms.
These bills, due to BSES Rajdhani and Yamuna, are for the amount of power consumed in December and billed in January to be payable by January-end.
NTPC had said that currently there was no letter of credit available for the two companies.
Updated on: February 07, 2014 19:32 IST
