In a major relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday suspended the National Company Law Tribunal’s (NCLT) order that had admitted the company into the Corporate Insolvency Resolution Process (CIRP).
Shares of the Anil Ambani-owned company skyrocketed, trading at Rs 378.35 apiece on the BSE up 10.64 per cent as 3.10 PM on Wednesday.
In a regulatory filing to the stock exchanges, 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 Company into Corporate Insolvency Resolution Process.”
(More to come)
