NCLAT suspends NCLT’s insolvency order towards Reliance Infra

Reliance Infrastructure Ltd. (RInfra) on Wednesday (June 4, 2025) mentioned Nationwide Firm Regulation Appellate Tribunal (NCLAT) has suspended the insolvency proceedings ordered towards the corporate.

“The NCLAT in New Delhi at the moment suspended the Nationwide Firm Regulation Tribunal’s (NCLT) Might 30 order, admitting the corporate into the company insolvency decision course of (CIRP),” the corporate mentioned in a inventory alternate announcement.

The corporate additionally mentioned it’ll submit the NCLAT order after receiving the identical.

On Might 30, NCLT, Mumbai had ordered CIRP towards RInfra in a case filed by IDBI Trusteeship Companies Ltd., being the safety trustee of Dhursar Photo voltaic Energy, alleging a default of ₹88.68 crore as of August 2018 together with curiosity at 1.25% monthly from 30 days of the date of receipt of every bill till the fee date. It had  additionally appointed Tehseen Fatima Khatri because the interim decision skilled of the corporate.

Later, RInfra mentioned it had made the total fee of ₹92.68 crore to  Dhursar Photo voltaic Energy towards the declare of tariff as per the power buy settlement with the corporate. It additionally most popular an attraction earlier than the NCLAT in search of withdrawal of NCLT order for CIRP and appointment of an interim decision skilled.