SREI Equipment Finance files insolvency application against Reliance Infrastructure Limited

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Reliance Infrastructure Limited has announced that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, has been filed by financial creditor, namely SREI Equipment Finance Limited, in relation to an amount of Rs.38.6 cr.

No notice in relation to the above has yet been issued by NCLT to the Company. The company has made this disclosure to the stock exchanges as an abundant caution. The Company is engaged in bilateral discussions to resolve the matter outside IBC and taking requisite steps.