Archive · 5 Oct 2026
Madras High Court Lifts ₹154 Crore SEPC Receivables Attachment
SEPC is a company that works on engineering and construction projects.
A court had placed a hold on ₹154 crore the company was owed.
The Madras High Court has now removed that hold.
The court also ended the related enforcement cases and applications.
The parties agreed to settle the dispute for ₹149.5 crore.
Another party paid the settlement, so SEPC said it did not have to pay directly.
The order also removed restrictions on SEPC’s banking operations.
SEPC said the released money and restored banking access would give it more flexibility.
For FY26, the company reported a net profit of ₹53.5 crore.
SEPC Limited said on October 5, 2026, that the Madras High Court lifted attachment on ₹154 crore of its receivables.
A September 30 common order closed execution proceedings and pending applications against the company and co-parties.
The parties agreed to a ₹149.5 crore settlement: a ₹147 crore demand draft and ₹2.5 crore already held by the court.
SEPC said it had no direct payment obligation because another party paid the settlement under a 2015 indemnity agreement.
The order also lifted banking restrictions; SEPC reported FY26 total income of ₹1,085.8 crore and net profit of ₹53.5 crore.
- Who
- SEPC Limited, other parties to the proceedings and the Madras High Court.
- What
- The court lifted attachments on ₹154 crore of SEPC receivables and closed the related proceedings.
- When
- The common order was dated September 30, 2026; SEPC reported it on October 5, 2026.
- Where
- Madras High Court proceedings.
- Why
- The parties reached a ₹149.5 crore settlement, paid by another party under a 2015 indemnity agreement.
- Receivables released
- ₹154 crore
- Settlement amount
- ₹149.5 crore
- Settlement payment
- ₹147 crore demand draft and ₹2.5 crore already held by the court
- SEPC direct outflow
- None, according to the company
- Order date
- September 30, 2026
- FY26 total income
- ₹1,085.8 crore
- FY26 net profit
- ₹53.5 crore