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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench Court VI, via its order dated September 16, 2025, admitted a Section 7 insolvency petition filed by Invent Assets Securitisation & Reconstruction Pvt Ltd against Reliance Home Finance Ltd, triggering the Corporate Insolvency Resolution Process (CIRP). The default relates to a financial debt of Rs 7.81 crore (including Rs 80.98 lakh in interest), originally an inter-corporate loan from Reliance Commercial Finance that was demerged into Authum Investment and Infrastructure Ltd and later assigned to the petitioner, with the date of default taken as December 4, 2024. Mr. Umesh Balaram Sonkar has been appointed as the Interim Resolution Professional (IRP), and a moratorium under Section 14 of the IBC has been declared. As a result, the powers of the company's Board of Directors stand suspended and are now vested with the IRP, who will manage the company and invite claims from creditors.
Very negative for shareholders — the company's board has been suspended, a moratorium is in force restricting asset transfers and recovery actions, and existing equity typically faces significant dilution or extinction during the IBC resolution process. The stock is likely to see sharp negative pressure and heightened trading risk.