{
  "id": 12081481,
  "title": "SEPC Gains ₹154 Crore As Madras High Court Lifts Attachment On Receivables",
  "url": "https://urgent.news/2026/10/05/sepc-gains-154-crore-as-madras-high-court-lifts-attachment-on",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T04:56:53.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sepc-gains-154-crore-as-madras-high-court-lifts-attachment-on-receivables"
  },
  "original_language": "en",
  "account": "On October 5, 2026, the Madras High Court lifted an attachment on ₹154 crore of SEPC Limited's receivables after a dispute settlement. The court's common order, dated September 30, 2026, ended all execution proceedings and pending applications against SEPC and its co-parties. SEPC agreed to a total settlement of ₹149.5 crore, which comprised a demand draft of ₹147 crore and an additional ₹2.5 crore already held by the court. The settlement, stemming from a 2015 indemnity agreement, did not result in any monetary outflow for SEPC. All interim attachments under the petitions have been released, restoring ₹154 crore of receivables and lifting all restrictions on the company's banking operations. SEPC's Managing Director, Venkataramani Jaiganesh, stated that the order marks a full and final closure to the long-standing proceedings, providing the company with increased financial flexibility to focus on project execution and growth. In the fiscal year 2026, SEPC reported total income of ₹1,085.8 crore, EBITDA of ₹108.9 crore, and net profit of ₹53.5 crore, marking a significant increase in net profit compared to the previous year.",
  "summary": "Mumbai: SEPC Limited, an engineering, procurement, and construction (EPC) company, on October 5, 2026, reported that the Madras High Court has lifted an attachment on ₹154 crore of its receivables, following a dispute settlement. The court's common order, dated September 30, 2026, closed all execution proceedings and pending applications against the company and co-parties. Settlement Details The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}