Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RELINFRA · price
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The National Company Law Appellate Tribunal (NCLAT) has stayed the Corporate Insolvency Resolution Process (CIRP) and the earlier impugned order in an appeal involving IDBI Trusteeship as a respondent. The originally demanded amount of Rs. 15,000 has been paid, and the tribunal noted that the proper course for closure of CIRP would be under Section 12A of the Insolvency and Bankruptcy Code. The respondents have been given four weeks to file their reply, and the matter is listed for next hearing on August 27, 2025. This follows the NCLAT's earlier order dated June 4, 2025 that had already suspended the impugned order.
This is a relief for Reliance Infrastructure as insolvency proceedings have been stayed. However, the case is still pending and respondents may raise additional dues claims, so the matter is not yet fully resolved.