In a major relief for Anil Ambani-led Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) has suspended the insolvency order issued by the National Company Law Tribunal (NCLT) Mumbai on May 30, 2025. Following the announcement, Reliance Infra’s stock soared over 10%, trading at ₹378.35 on the BSE.
🔴 Key Developments:
- The insolvency proceedings were triggered by a plea from IDBI Trusteeship Services Ltd, citing non-payment of ₹88 crore linked to an Energy Purchase Agreement (EPA) with Dhursar Solar Power Pvt Ltd (DSPPL).
- Reliance Infra contested the claim, stating it had already paid ₹92.68 crore to DSPPL, making the insolvency plea non-maintainable.
- The NCLAT’s suspension of the insolvency order has revived investor confidence, leading to a sharp rally in Reliance Infra’s stock.
📢 What’s Next?
- Reliance Infra has filed an appeal to withdraw the insolvency order completely.
- The case is pending further hearing, offering a temporary breather to the debt-laden company.
👉 What do you think of this legal battle? Let us know in the comments!
🔴 Share this post to keep investors informed! 🚀🔥
