Top News

Big relief for Anil Ambani: In a significant development for the Ambani family the National Company Law Appellate Tribunal (NCLAT) has provided major relief to Anil Ambani. In the recent ruling the NCLAT has put a stay on insolvency proceedings against Reliance Infrastructure in in a case related to Rs 88.68 crore unpaid dues from a Rs 920 crore loan case which were earlier allowed by the Mumbai bench of the National Company Law Tribunal (NCLT). Here are all the details you need to know about the NCLAT ruling and how it is big update for Anil Ambani. How has Anil Ambanis NCLAT responded? “In the appeal filed the Hon’ble National Company Law Appellate Tribunal New Delhi (NCLAT) today has suspended the Order dated May 30 2025 passed by National Company Law Tribunal Mumbai in case no. C.P. (IB)/624(MB)2022 admitting the Company into Corporate Insolvency Resolution Process.” How Anil Ambanis Reliance Infra reached NCLAT? The NCLT had admitted an insolvency plea against Reliance Infrastructure over unpaid dues of around Rs 88.68 crore to Dhursar Solar Power. However Reliance Infra challenged this at the NCLAT claiming it had already paid the full amount with interest (Rs 92.68 crore). On June 4 2025 the NCLAT stayed the insolvency proceedings granting temporary relief to Anil Ambani’s company. National Company Law Tribunal passes important verdict Meanwhile the National Company Law Tribunal (NCLT) upheld the primacy of the Enforcement Directorate in dealing with proceeds of crime linked to money laundering over claims by creditors against a ‘bankrupt’ company under the insolvency code an official was quoted as saying by a report by IANS news agency. Why This NCLT Verdict is important? The verdict of the Tribunal’s bench comprising Bachu Venkat Balram Das and Sanjeev Ranjan delivered in a matter related to Shakti Bhog Snacks Limited said: “The Insolvency and Bankruptcy Code (IBC) cannot be used as a mechanism to frustrate or sidestep the legitimate process of law under the Prevention of Money Laundering Act 2002.” (With inputs from agencies)