ACME Solar Holdings Limited has announced that its wholly owned subsidiary, ACME Aklera Power Technology Private Limited, has successfully moved forward with an appeal before the Appellate Tribunal for Electricity. The legal action challenges a previous order that disallowed claims of ~Rs. 7.82 crore related to Basic Customs Duty and GST. The tribunal officially admitted the appeal for further hearing on April 29, 2026.
Background of the Disputed Claims
The dispute stems from an order passed by the Rajasthan Electricity Regulatory Commission on November 13, 2025. In that ruling, the commission disallowed specific claims for Basic Customs Duty and GST amounting to approximately Rs. 7.82 crore. These expenses were initially incurred by the company’s subsidiary, ACME Aklera Power Technology Private Limited, during the execution of its power projects.
Legal Recourse and Tribunal Status
Seeking to recover the disallowed amount, the subsidiary initiated formal legal proceedings by filing an appeal with the Appellate Tribunal for Electricity. The company confirmed that this appeal has been formally admitted by the tribunal for a future hearing. The order confirming the admission was dated April 29, 2026, and was officially received by the company on May 4, 2026.
Impact on Operations
At this stage, the company considers this a standard legal process regarding the recovery of project costs. There are no immediate settlements or penalties to report, as the matter remains sub-judice. The management is actively pursuing the litigation to ensure the rightful recovery of the Rs. 7.82 crore claim, which remains a key focus area for the subsidiary’s financial reconciliations for the project.
Source: BSE
