NCLT upholds Doha Bank plea, Reliance Infratel creditors to get recovery

"National Company Law Tribunal (NCLT), Mumbai has upheld the petition of Doha Bank resulting in 100 per cent recovery for the Financial Creditors of Reliance Infratel Ltd. (RITL), aggregating to Rs 3,515 crore.
Doha Bank, one of the Financial Creditors of RITL had filed an application against Corporate Guarantee Holders of Reliance Communications Limited (RCOM) and Reliance Telecom Limited (RTL), seeking priority payment for the financial creditors of RITL, from the proceeds of company’s resolution plan."

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