Public announcement made pursuant to order passed by the Tribunal under Section 13 of Insolvency and Bankruptcy Code against Reliance Home Finance Limited (In CIRP)
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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT) has ordered the commencement of a Corporate Insolvency Resolution Process (CIRP) against Reliance Home Finance Limited on September 16, 2025, under Section 13 of the Insolvency and Bankruptcy Code. Umesh Balaram Sonkar (IBBI Reg. No: IBBI/IPA-001/IP-P-02619/2021-2022/14043) has been appointed as the Interim Resolution Professional. The estimated date for closure of the insolvency resolution process is March 15, 2026. All creditors are required to submit their claims with proof to the Interim Resolution Professional on or before September 30, 2025.
This is a highly negative development for shareholders, as CIRP admission typically leads to significant value erosion. Equity shareholders usually recover little to nothing as creditors are prioritized during resolution. The stock is likely to face sharp downward pressure and trading may be suspended.