RELIANCE INFRA

jumped over 11% on June 4 after the National Company Law Appellate Tribunal (NCLAT) stayed the corporate insolvency resolution process against the firm till July 18, the next date of hearing. The appellate tribunal was hearing an appeal against the National Company Law Tribunal (NCLT) Mumbai bench's order to admit IDBI Trusteeship Services Ltd.'s insolvency petition against Reliance Infrastructure. Reliance Infrastructure had argued that it had paid the entire amount to IDBI Trusteeship and the insolvency proceedings should not have been started against them.