Anil Ambani’s Reliance Infra Dodges Insolvency
New Delhi: In a major relief to Anil Ambani-led Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed an earlier order by the National Company Law Tribunal (NCLT) that had admitted the company into the Corporate Insolvency Resolution Process (CIRP).
Following the news, Reliance Infrastructure shares surged over 10%, trading at Rs 378.35 on the BSE as of 3:10 PM.
In a regulatory filing, the company said: “In the appeal filed, the Hon’ble National Company Law Appellate Tribunal, New Delhi (NCLAT), today has suspended the Order dated May 30, 2025, passed by National Company Law Tribunal, Mumbai in case no. C.P. (IB)/624(MB)2022, admitting the…
