NCLAT recalls order that allowed Reliance Communications to go forward with sale of Reliance Infra biz
The appellate tribunal would start its hearing on the plea of Reliance Infratel (RCom's subsidiary that runs the tower and fibre businesses) from April 23 over sale of its businesses. "In view of the order passed by the Supreme Court, dated April 16, 2018...Interim order dated April 6, 2018 is recalled," said NCLAT bench headed by Justice S J Mukhopadhaya.
NCLAT had on April 6 partially allowed sale of the businesses, which was challenged by HSBC Daisy Investments (Mauritius) Ltd. Image source: