The National Company Law Appellate Tribunal (NCLAT) has stayed an earlier NCLT order that had directed insolvency proceedings against Reliance Infrastructure.
The case was initiated following a plea by IDBI Trusteeship, which alleged a default of around ₹90 crore by the Anil Ambani-led company.
However, Reliance Infrastructure informed the appellate tribunal that all outstanding dues, including interest, have been fully paid.
Taking note of the submission, the NCLAT granted time to IDBI Trusteeship to reconcile the payments with its own records.
The matter will be next heard on August 27, 2025.
Shares of Reliance Infrastructure Ltd. are currently trading 0.47% lower on Friday at ₹394.50. The stock has jumped over 40% in the last six…