NCLAT stays move against Reliance Infra
NEW DELHI: In a relief to Reliance Infrastructure, National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that NCLAT suspended the order passed by the NCLT over an appeal filed by it.On May 30, the Mumbai bench of NCLT had admitted an insolvency plea against the company filed by IDBI Trusteeship Services This was opposed by Reliance Infra, saying that it has made the full payment of Rs 92.7 crore to Dhursar Solar Power towards claims of tariff, making the initiation of insolvency proceedings infructuous. agencies
