HC thwarts Reliance naval’s attempt to avert insolvency – Economic Times
, ET Bureau| Updated: Dec 08, 2017, 10.56 AM IST The insolvency petition aims to recover dues worth Rs 159 crore, including invoking a corporate guarantee. Mumbai: The Bombay HC has scuttled a last ditch attempt by the Anil Ambani company Reliance Naval and Engineering to prevent proceedings in the bankruptcy court, dismissing a petition…