NCLAT halts insolvency proceedings against Reliance Infrastructure

Reliance Infrastructure received a reprieve as the NCLAT stayed insolvency proceedings initiated against it. This followed an appeal against the NCLT Mumbai’s order admitting an insolvency plea by IDBI Trusteeship Services. Reliance Infra contended that the full amount of Rs 92.68 crore, related to Dhursar Solar Power’s tariff claims, had already been paid.