This is to inform you that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was filed by Invent Assets Securitisation & Reconstruction Private Limited (Financial ....
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Awaiting price reaction for this filing.
The NCLT Mumbai Bench Court VI, by order dated September 16, 2025, admitted a Section 7 insolvency petition filed by Invent Assets Securitisation & Reconstruction Pvt Ltd against Reliance Home Finance Ltd, initiating the Corporate Insolvency Resolution Process (CIRP). The default amount is Rs. 7.81 crore (including interest of Rs. 80.98 lakh) on an inter-corporate loan that was originally disbursed by Reliance Commercial Finance Ltd, later demerged into Authum Investment and Infrastructure Ltd, and then assigned to the petitioner. Mr. Umesh Balaram Sonkar has been appointed as the Interim Resolution Professional (IRP). A moratorium under Section 14 of the IBC has been declared, the powers of the Board of Directors stand suspended, and the IRP will take over the management of the company. Reliance Home Finance did not contest the debt but had requested a one-year extension which was denied.
This is a strongly negative development for shareholders — the stock is likely to face significant pressure as the company enters insolvency, with equity likely to be heavily diluted or wiped out depending on the resolution plan. Existing lenders and creditors take priority over shareholders in any recovery under IBC.