Reliance Infrastructure Limited — Others, 24-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
24-05-2025 | 11:38 am
24-05-2025 | 11:38 am
Reliance Infrastructure has disclosed that Canara Bank has started insolvency proceedings against its wholly owned subsidiary, HK Toll Road, over a claim of INR 282.60 crore including interest. HK Toll Road is assessing the case and plans to take legal action to protect its interests. The financial impact on Reliance Infrastructure is currently unclear and hinges on the legal outcomes, signaling a potential risk that shareholders should monitor closely.
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