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RELINFRA · price
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Reliance Infrastructure informed exchanges that the National Company Law Appellate Tribunal (NCLAT) has stayed its earlier order dated May 30, 2025, effectively halting the Corporate Insolvency Resolution Process (CIRP) against the company. This is a continuation of the company's appeal following its earlier communications dated June 4 and June 6, 2025. The NCLAT's stay provides the company temporary relief from insolvency proceedings, with the next hearing scheduled for August 27, 2025. The detailed written order from NCLAT is awaited.
This is a positive development for shareholders as it temporarily shields the company from insolvency proceedings, removing near-term default risk. However, the matter is still pending and the final outcome will depend on the next hearing and the NCLAT's detailed order.