Reliance Infrastructure In Trouble? Anil Ambani Group Firm Faces Insolvency Plea; Stock Down 3%

Anil Ambani-owned Reliance Infrastructure share price declined on Tuesday after the National Company Law Tribunal (NCLT) had admitted an insolvency plea against the Anil Ambani Group stock. The company, on Monday, issued clarification that NCLT's action is unlikely to impact its business. The downward trend in Reliance Infra stock has come a day after the stock touched its 52-week high mark of Rs 359 per share.

Reliance Infrastructure shares opened higher than the previous close at Rs 359.50 per share on BSE on Tuesday. Later, the stock declined and was trading 4.54% lower at Rs 340.75 per share on BSE at 9:30 am on Tuesday.

A Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against Anil Ambani-promoted Reliance Infrastructure Ltd. The plea was registered under the corporate insolvency resolution process (CRP) after IDBI Trusteeship Services, on behalf of its operational creditors, had applied to CRP.

The Mumbai bench of NCLT had appointed Tehseen Fatima Khatri as the interim resolution professional (IRP). The development has come days after the trustee company had approached the tribunal after the firm had defaulted on its dues, reported the Economic Times.

The operational creditor of the firm had established operational deb due and payable against the corporate debtor and justify its petition claiming that Reliance Infrastructure is in default, according to the NCLT division bench of judicial member KR Saji Kumar's remark in the case, reported ET.

"We find that there is no provision in the IBC to stay an order of CIRP initiated in respect of the Corporate Debtor (CD). This Adjudicating Authority also has no power to direct an Interim Insolvency Professional appointed, not to take charge of its CD once CIRP is ordered," The Hindu quoted NCLT's order.

Reliance Infrastructure Issues Statement On NCLT Petition

"No impact or bearing of NCLT Order on Reliance Infrastructure Limited or any of its subsidiaries," read Reliance Infrastructure BSE filing released on Monday. The company had further clarified that it had made a full payment of Rs 92.68 crore to Dhursar Solar Power Private Limited as per the claim of tariffs under the Energy Purchase Agreement.

"Accordingly, the Company preferred an appeal before the Hon'ble NCLAT and will seek withdrawal of the Order dated May 30, 2025, passed by NCLT Mumbai in case no. C.P. (IB) 642/MB/2022, for Corporate Insolvency Resolution process and appointment of the interim resolution professional. The NCLT Order has become infructuous as legally advised, upon full payment having already been made," the company added in its report.

Reliance Infrastructure Share Price Trend

The stoc has enjoyed heightened attention among investors as its value has surged significantly over the past few weeks. Reliance Infrastructure share price value surged 25% in a week against Nifty 50's decline in value by 0.1%.

The integrated power utility segment company saw its stock valuation soar by 66% in three months. Bus its price valuation increased only 8% year to date (YTD). The stock touched its 52-week high mark of Rs 359.5 per share on BSE on 2 June, 2025. Additionally, the stock value declined to its 52-week low mark of Rs 143.70 per share on BSE on 5 June 2024.