In a major relief to Reliance Infrastructure Ltd (Reliance Infra), the National Company Law Appellate Tribunal (NCLAT) on Wednesday, June 4, suspended an earlier order by the National Company Law Tribunal (NCLT), Mumbai, which had admitted the company into the Corporate Insolvency Resolution Process (CIRP).
The news was shared via a regulatory filing by the Anil Ambani-led company, prompting a surge in stock prices.
“We wish to inform that 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 Company into Corporate Insolvency Resolution Process,” the…
