BHEL is facing 163 civil & criminal cases

BHEL was facing 144 civil and 19 criminal cases,among other litigations,as on September 15.

State-run power equipment maker Bharat Heavy Electricals is facing as many as 163 civil and criminal proceedings,including those related to bank guarantee and recovery of money.

BHEL was facing 144 civil and 19 criminal cases,among other litigations,as on September 15.

According to the company’s draft document for the proposed disinvestment of 5 per cent stake by the government,the aggregate value of the 144 civil cases is estimated to be worth about Rs 145.23 crore.

Story continues below this ad

“We are presently involved in 19 criminal proceedings which have been filed against us in various forums,” the draft document said.

“There are 144 civil proceedings against the company and the aggregate monetary value of these proceedings is approximately Rs 1,452.32 million (Rs 145.23 crore). The cases primarily relate to recovery of money,injunction suits,bank guarantees and insurance…,” it added.

Meanwhile,BHEL has initiated three criminal cases and 125 civil proceedings — whose aggregate monetary value about Rs 188.39 crore.

Company INFO

More on BHEL

Stocks

More on BHEL

India dismisses NATO chief’s claim of ‘Delhi now on phone with Moscow’ as ‘baseless’

India35 min ago

India denies NATO chief's claim that US tariffs on Russian oil are pushing PM Modi to seek clarification from Putin on Ukraine strategy. MEA calls statement "factually incorrect and baseless," urges NATO to take more responsibility. Trump's tariffs on India have led to Modi seeking clarification from Putin, says Rutte. Modi and Putin have discussed resolving the conflict peacefully.

View all shorts

Live Blog