In a major relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings initiated against the company.
In a regulatory filing, Reliance Infrastructure said that the appellate tribunal has stayed the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had admitted an insolvency petition filed by IDBI Trusteeship Services Ltd.
“In the appeal filed, the NCLAT today suspended the order dated May 30, 2025, passed by the NCLT Mumbai in case no. C.P. (IB)/624(MB)2022, admitting the company into Corporate Insolvency Resolution Process,” the filing stated.
The insolvency petition was filed by IDBI Trusteeship in April…
