MUMBAI: An interim plea filed by the Reliance Power Ltd, an Anil Ambani Reliance Group (ADAG) company, against the sale of pledged shares by Edelweiss Group was rejected by the Bombay High Court today. The ADAG is also claiming damage of Rs. 2,700 crore from the Edelweiss Group alleging maliciously dumping the shares of three group companies which has resulted in a plunge in its prices. In the plea ADAG was seeking to declare the sale ‘null and void’ in the interim.
The single judge bench of the Bombay High Court has given three weeks’ time to Edelweiss to file its response. A detailed copy of the high court’s order is awaited.
