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SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors

Aurangabad HC orders de-sealing of 6 Reliance Infratel towers


Aurangabad HC orders de-sealing of 6 Reliance Infratel towers
February 16, 2021
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The Aurangabad High Court has directed Aurangabad Municipal Corporation to immediately de-seal 6 towers of Reliance Infratel Limited. The Corporation had sealed the towers for non-payment of dues.
However, Rameshwar Totala and Rahul Totala, legal advocates representing the company had argued that since Reliance Infratel was undergoing a debt resolution process under Insolvency & Bankruptcy Code, 2016, the corporation could not ask for dues at present.
The lawyers pointed out to the court that Reliance Infratel is presently being run by Anish Nanavaty, Resolution Professional and the resolution plan submitted by Reliance Digital Platform & Project Services Limited has been approved by the Committee of Creditors and also subsequently approved by National Company Law Tribunal (NCLT). ....

Rahul Totala , Anish Nanavaty , Justicesv Gangapurwala , Justice Sd Kulkarni , Rameshwar Totala , Aurangabad High Court , Aurangabad Municipal Corporation , National Company Law Tribunal , Reliance Digital Platform Project Services , Reliance Infratel , Committee Of Creditors , Corporation In High Court , Bankruptcy Code , Resolution Professional , Reliance Digital Platform , Project Services Limited , High Court , De Sealing Of 6 Reliance Infratel Towers , ஆநிஶ் நானாவதி , நீதி ஸ்ட் குல்கர்னி , அவுரங்காபாத் உயர் நீதிமன்றம் , அவுரங்காபாத் நகராட்சி நிறுவனம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை இன்ப்ரத்தேல் , குழு ஆஃப் கடன் வழங்குநர்கள் ,