The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted the Anil Ambani-linked Reliance Home Finance Limited (RHFL) for corporate insolvency resolution proceedings.
The NCLT’s Mumbai bench passed the order recently based on a petition filed by Invent Assets Securitisation & Reconstruction Pvt Ltd, which is RHFL’s financial creditor.
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The NCLT, comprising judicial member Nilesh Sharma and technical member Sameer Kakar, found that Reliance Home Finance Ltd (RHFL) defaulted on a debt amounting to Rs 7.80 crore, which includes interest, on December 4, 2024.
The financial debt originated from an Inter-Corporate Loan Facility Agreement dated April 1, 2023, with Reliance…