Reliance Infrastructure Ltd. (RInfra) on Wednesday (June 4, 2025) said National Company Law Appellate Tribunal (NCLAT) has suspended the insolvency proceedings ordered against the company.
“The NCLAT in New Delhi today suspended the National Company Law Tribunal’s (NCLT) May 30 order, admitting the company into the corporate insolvency resolution process (CIRP),” the company said in a stock exchange announcement.
The company also said it will submit the NCLAT order after receiving the same.
On May 30, NCLT, Mumbai had ordered CIRP against RInfra in a case filed by IDBI Trusteeship Services Ltd., being the security trustee of Dhursar Solar Power, alleging a default of ₹88.68 crore as of August 2018 along with interest at 1.25% per month from 30 days of the date of receipt of each invoice until the payment date. It had also appointed Tehseen Fatima Khatri as the interim resolution professional of the company.
Later, RInfra said it had made the full payment of ₹92.68 crore to Dhursar Solar Power against the claim of tariff as per the energy purchase agreement with the company. It also preferred an appeal before the NCLAT seeking withdrawal of NCLT order for CIRP and appointment of an interim resolution professional.
Published – June 04, 2025 05:23 pm IST
