In a major relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) has put a stop to the insolvency case that was started against the company.
What Happened?
Earlier, on May 30, 2025, the Mumbai bench of the National Company Law Tribunal (NCLT) had accepted a plea from IDBI Trusteeship Services Ltd. to begin insolvency proceedings against Reliance Infrastructure.
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IDBI Trusteeship was acting on behalf of Dhursar Solar Power Pvt. Ltd. (DSPPL), claiming that Reliance Infra had defaulted on payments worth ₹88.68 crore related to solar energy bills raised between 2017 and 2018. The total claim with interest was about ₹92.68 crore.
What Did Reliance Infra Say?
Reliance Infrastructure strongly opposed the case. The company said it had already paid the full ₹92.68 crore to DSPPL as per the Energy Purchase Agreement. Therefore, the insolvency case was no longer valid.
On June 2, 2025, the company informed the stock exchange that it had cleared all dues and there was no need for insolvency action.
Latest Update
On June 4, 2025, the NCLAT agreed with Reliance Infra’s appeal and put a hold on the insolvency process, saying the earlier NCLT order is suspended for now.
This decision is a big win for Reliance Infrastructure as it protects the company from entering the Corporate Insolvency Resolution Process (CIRP), which could have led to major financial and operational challenges.
In simple terms, the tribunal has paused the insolvency case because the company claims it has already paid the money that was being disputed.
