NCLAT upholds liquidation process for Independent TV
market hours1 source ↓written by the desknot a recommendation
The National Company Law Appellate Tribunal (NCLAT) has rejected Reliance Realty's appeal regarding the liquidation of Independent TV. The tribunal emphasized that the liquidation must proceed in the shortest possible time, ensuring no disruption from Reliance Realty's claims. This decision may impact the ongoing restructuring efforts of Reliance Communications.
• NCLAT upheld NCLT's earlier order
• Liquidation process to be expedited
• Reliance Realty's claims dismissed
Traders should monitor the implications for Reliance Communications as this situation unfolds.
Not investment advice. For informational purposes only.