Reliance Infrastructure Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Reliance Infrastructure has disclosed an NCLAT order dated June 4, 2025 in a case involving IDBI Trusteeship vs. Rajesh Kumar Dhingra. The NCLT Mumbai had on May 30, 2025 admitted an insolvency petition under Section 9 of the IBC for a claimed default of about Rs. 88.68 crore in principal plus interest. The appellant had already paid the full principal of Rs. 88.68 crore in October 2024, Rs. 81.98 crore as interest on May 30, 2025, and an additional Rs. 9.39 crore plus Rs. 1.3 crore on June 2, 2025 to cover the alleged shortfall. The NCLAT has suspended the NCLT's admission order and listed the matter for further hearing on July 18, 2025, while the parties reconcile accounts.
The insolvency admission against the individual has been temporarily stayed, removing immediate insolvency risk. However, the matter remains pending and final resolution depends on the July 18 hearing and account reconciliation, so investors should watch for further updates.