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Reliance Infratel creditors to get ₹3,515 crore after NCLT upholds Doha Bank plea

Reliance Infratel creditors to get ₹3,515 crore after NCLT upholds Doha Bank plea March 03, 2021 × The National Company Law Tribunal’s (NCLT) Mumbai has upheld a petition filed by Doha Bank that would help in full recovery of ₹3,515 crore for the financial creditors of Reliance Infratel Ltd (RITL). Doha Bank, one of the financial creditors of RITL, had filed an application against the corporate guarantee holders of Reliance Communications Ltd (RCom) and Reliance Telecom Limited (RTL), seeking priority payment for the financial creditors of RITL. The bank was seeking priority payment from the proceeds of RITL’s resolution plan, sources close to the development said.

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