Bharat Heavy Electricals Limited (BHEL) has disclosed that the Commercial Court in Visakhapatnam has directed the attachment of Rs. 55.84 Crore from one of its bank accounts. This action stems from an execution petition filed by M/s Indwell Construction Pvt. Ltd., with the order dated February 20, 2026. BHEL is currently reviewing the order and is actively pursuing all available legal remedies to protect its financial interests.
Corporate Disclosure on Legal Action
Bharat Heavy Electricals Limited (BHEL) has issued a formal disclosure concerning ongoing litigation matters impacting its banking operations. This notification follows a directive issued by the Commercial Court, Visakhapatnam.
Details of the Attachment Order
The legal proceeding originated from an execution petition filed by M/s Indwell Construction Pvt. Ltd. The Court, through its order dated February 20, 2026, has mandated the attachment of a specific sum held in one of BHEL’s bank accounts located in Visakhapatnam.
The precise amount subject to attachment is stated to be Rs. 55.84 Crore.
Company Response and Next Steps
BHEL has confirmed that its management is thoroughly examining the details of the order issued by the Visakhapatnam Commercial Court. The company is taking proactive measures to address the situation, which includes initiating appropriate legal steps to safeguard its financial standing and interests.
BHEL is committed to availing all necessary remedies available under the applicable law to resolve this matter.
Source: BSE
