Bankruptcy court admits insolvency resolution plea against Reliance Infrastructure

The NCLT's Mumbai bench has initiated insolvency proceedings against Reliance Infrastructure following a petition by IDBI Trusteeship Services over unpaid dues exceeding Rs 88 crore. Tehseen Fatima Khatri has been appointed as the interim resolution professional. Reliance Infrastructure claims full payment has been made and intends to appeal the order, deeming it infructuous.