India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power , asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid,

India's main renewable energy agency, has sent a notice to Reliance Power, managed by Anil Ambani, wondering why criminal proceedings should not be taken against the firm.

Notably, the setback for Anil Ambani-led Reliance Power came days after it posted a consolidated net profit of Rs 2,878.15 crore in the July-September quarter of current financial year, and became debt-free.

Solar Energy Corporation of India Ltd (SECI) has sent a notice to Reliance Power after a subsidiary of the power firm submitted fake documents for a tender bid.

Last week, SECI imposed a three-year ban on Reliance Power from participating in its clean energy project tenders after discovering that one of its units had submitted a counterfeit foreign bank guarantee.

Reliance Power, run by Anil Ambani, faces criminal investigation after a subsidiary submitted fake bank guarantees for a clean energy bid. SECI has also imposed a three-year ban on the firm.