BHEL Faces ₹55.84 Crore Bank Account Attachment Order by Visakhapatnam Commercial Court
New Delhi, February 21, 2026: Bharat Heavy Electricals Limited (BHEL) has informed stock exchanges about a court order directing attachment of funds amounting to ₹55.84 crore in one of its bank accounts at Visakhapatnam.
The disclosure was made under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Case
The matter arises from an execution petition filed by Indwell Construction Pvt. Ltd. before the Commercial Court, Visakhapatnam.
As per the order dated February 20, 2026, the court has directed attachment of ₹55.84 crore lying in one of BHEL’s bank accounts at Visakhapatnam.
Company’s Response
BHEL has stated that it is currently examining the order and is taking appropriate legal steps. The company will avail all remedies available under applicable law to safeguard its interests.
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Exchange Disclosure
The intimation has been submitted to:
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BSE Limited
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National Stock Exchange of India Limited
The filing was signed by Sayed Salahuddin, Manager – Corporate Communication, BHEL.
Financial Impact
The attachment pertains to ₹55.84 crore. Further developments will depend on the legal proceedings and remedies pursued by the company.