NCLT enables R-Infra lenders to get ₹3,515 crore
The Hindu
The National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank seeking priority payment for the financial creditors of Reliance Infratel which will lead to about ₹3,515 crore recovery for the lenders, according to a source aware of the development.
The payment has to be made from the sum of about ₹4,400 crore realised from sale of assets to a Reliance Industries subsidiary via the NCLT-driven debt resolution process.
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