Relief for Reliance Infra as NCLAT puts bankruptcy proceedings on hold

In a relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the company that were initiated by IDBI Trusteeship Services Ltd over an alleged default of ₹88 crore.

The NCLAT bench, comprising Justice Yogesh Khanna (Judicial Member) and Indevar Pandey (Technical Member), paused the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which had admitted the insolvency plea against the company on 30 May 2025, following a petition by IDBI Trusteeship.