SC reverses NCLAT order, restores claims of 4 lenders of Reliance Infratel

The Supreme Court on Friday restored claims of four lenders of the insolvent Reliance Infratel Ltd, striking down an order of the National Company Law Appellate Tribunal (NCLAT) that derecognised them as lenders of the firm.

The four entities are Assets Care & Reconstruction Enterprise Ltd, Shubh Holdings Pte Ltd, China Development Bank, and Export-Import Bank of China, with their claims amounting to more than Rs 10,952 crore out of the total Rs 41,055 crore.