Reliance Infrastructure Limited has announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition filed by Canara Bank Limited. The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against HK Toll Road Private Limited, a wholly owned subsidiary of Reliance Infrastructure. The admitted claim amount is INR 282.60 crore. Reliance Infrastructure’s exposure to HK Toll Road, approximately INR 355 crore, has already been accounted for in its books.
NCLT Admits Insolvency Petition
Reliance Infrastructure Limited disclosed that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition filed by Canara Bank Limited. This admission pertains…