Informative

NCLT approves Reliance Big resolution plan as creditors get ₹3.5 crore of ₹483 crore debt

Update / Judgement Date

20 Feb 2025

Source

Bar and Bench

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The NCLT approved Reliance BIG's resolution plan as creditors received ₹35 crore of the ₹483 crore debt. This highlights the outcome of the insolvency proceedings and the recovery rate for creditors.

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NCLT approves Reliance Big resolution plan as creditors get ₹3.5 crore of ₹483 crore debt

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