The Bombay High Court has rapped the Anil Ambani group company Reliance PowerNSE 1.79 % and its management for attempting to “mislead” the court by a petition that’s “smacked of deceit.”
The sharp words came from judge KR Shriram of the Bombay High Court while hearing a Rs 2,700-crore defamation suit filed by Reliance Power against financial services company Edelweiss group for selling its pledged shares earlier this month after a massive plunge in share value.
On February 13, the judge refused to grant any interim relief against Edelweiss or order a stay on the sale process, saying there was no prima facie merit in plea, and that he would record the reasons for denying it interim relief later.
