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Relief for R-Infra as NCLAT puts insolvency on hold
Mint Chennai
|June 05, 2025
In April 2022, IDBI Trusteeship filed an insolvency plea, claiming Reliance Infra had defaulted on ₹88.68 crore
In a relief to Reliance Infrastructure (R-Infra), the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the company that were initiated by IDBI Trusteeship Services Ltd over an alleged default of nearly ₹89 crore.
The NCLAT bench, comprising Justice Yogesh Khanna (judicial member) and Indevar Pandey (technical member), paused the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which had admitted the insolvency plea against the company on 30 May 2025, following a petition by IDBI Trusteeship.
This story is from the June 05, 2025 edition of Mint Chennai.
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