The National Company Law Appellate Tribunal has sought a response from Reliance Group Chairman Anil Ambani within 10 days on a contempt plea filed against him and other officials by the minority shareholders alleging non-payment of dues by one of its group firms.
“We intend to hear the learned counsel appearing on behalf of the contemnor-respondents (Anil Ambani and others),” the bench said. “They may file a short reply within ten days. Rejoinder, if any, may be filed by the appellants within a week thereof.”
The National Company Law Appellate Tribunal has directed that the matter be listed on May 20 for admission.HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel.
NCLT in March 2018 halted the sales process, following which Reliance Infratel moved NCLAT challenging the order. Later, on June 29, Reliance Infratel and its minority shareholder, HSBC Daisy submitted final consent terms of their settlement before NCLAT over the sale of tower and fibre assets.
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