Adani Transmission (ATL) on Monday said that the claims of Reliance Infrastructure against it and its power distribution arm Adani Electricity Mumbai Ltd (AEML) are “afterthoughts and based on untenable positions”.
“ATL/Adani Electricity Mumbai Ltd (AEML) is following the due process laid out under the SPA for dispute resolution and will respond with facts and present its own claims against R-Infra in the arbitration proceedings,” ATL stated in a clarification to the BSE.
ATL responded on reports saying that Reliance Infrastructure Ltd had filed an arbitration claim of Rs 13,400 crore for a deal to sell its Mumbai power distribution business to the ATL. ATL stated that R-Infra, part of the Reliance Anil Dhirubhai Ambani Group, initiated arbitration on one specific dispute under the share purchase agreement (SPA) in December 2021.
