NCLAT Halts Insolvency Proceedings Against Reliance Infra

A court has stopped the insolvency proceedings against Reliance Infrastructure.

Another court previously decided that Reliance Infra might have to go through an insolvency process, which would have meant a new company would take over to sort things out.

However, Reliance Infra had paid all the money it owed, so the second court decided to stop the first court's decision.

This means Reliance Infra does not have to go through the takeover process.