Reliance Power's subsidiary repaid $1.548 million in interest
This eliminated Reliance Power's contingent liability
SECI withdrew a three-year debarment notice
Reliance Power shares surged to their upper circuit limit
The debarment was for allegedly submitting fake documents
SECI's withdrawal is without prejudice to future actions
A show-cause notice regarding a fake bank guarantee was issued
SECI later withdrew the debarment notice on November 6
Reliance Power can now participate in future SECI tenders
The company's stock climbed 4.98 percent on Wednesday