NCLT admits insolvency plea against Reliance Infra's subsidiary KM Toll Road

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

RELINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹69.49

prior close

₹72.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.6% vs market

Power peers, median of 36sector · industry level-0.4%+5.4% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.4 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

-2.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+0.4+4.6-0.4+5.4

Next day

+10.2+0.4+9.8-0.4+10.7

+4.7+0.3+4.3-0.8+5.5

+2.6+0.2+2.4-1.9+4.5

+0.5+0.5+0.0-2.1+2.7

-1.5+0.7-2.1-2.0+0.6

-5.3+0.9-6.2-3.2-2.1

15d

-11.6+1.6-13.3-5.4-6.2

-16.3+2.4-18.7-4.8-11.5

-26.3+1.1-27.4-9.1-17.1

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UpDownMarket · Nifty Microcap 250Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Mumbai has admitted SBI's insolvency petition under Section 7 of IBC against KM Toll Road Private Limited, a wholly owned subsidiary of Reliance Infrastructure. SBI claims about Rs 233.44 crore (including interest). Reliance Infra says its full exposure of about Rs 548 crore in the subsidiary is already provided for in its books, so no further provisioning is needed.

Likely market impact

Negative sentiment, but limited financial hit since Reliance Infra's subsidiary exposure is already fully provided for in accounts.