Reliance Infrastructure Insolvency Petition
IIFC (UK) filed an IBC Section 7 petition against Reliance Infrastructure's subsidiary, MMOPL, at NCLT Mumbai claiming approximately USD 182 Million.
- Value
- ₹18.20 Cr
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5 announcements
IIFC (UK) filed an IBC Section 7 petition against Reliance Infrastructure's subsidiary, MMOPL, at NCLT Mumbai claiming approximately USD 182 Million.
Reliance Infrastructure's JV, Mumbai Metro One, faces an IBC petition from IIFC for ~USD 182 million. NARCL also revoked a debt restructuring agreement for the JV.
The NCLT has admitted an insolvency petition under Section 7 of the IBC against KM Toll Road, a wholly-owned subsidiary of Reliance Infrastructure, regarding a ₹233.44 Crore claim.
The NCLT Mumbai Bench has allowed the withdrawal of an insolvency petition filed by NARCL against joint venture entity Mumbai Metro One Private Limited.
NCLT admitted CIRP against Reliance Infra's subsidiary HK Toll Road for a Rs.282.60 crore claim by Canara Bank. The company has already provided for its Rs.355 crore exposure.