Big Relief for Reliance Infra as NCLAT Stays Insolvency Proceedings

In a significant legal victory, the National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Reliance Infrastructure Ltd., overturning a previous order by the National Company Law Tribunal (NCLT), Mumbai. The decision follows Reliance Infra’s appeal, citing full payment of ₹92.68 crore to Dhursar Solar Power Pvt Ltd as per its Energy Purchase Agreement.

 

Key Highlights of the NCLAT Ruling:

Outlook on Reliance Infra’s Financial Stability

The NCLAT’s decision provides short-term relief to Reliance Infra, but the company may still face further legal scrutiny in upcoming hearings. Investors and stakeholders will closely monitor the July 18, 2025 hearing, where the appellate tribunal will review the merits of the case.

 

Sources: Times of India, Rediff Money, The Week, MSN, Business Standard.