NCLT Re­fuses Stay on Reli­gare Res­o­lu­tion to In­fuse 500 Crore

The Economic Times - - Front Page -

In­dia Hori­zon Fund has suf­fered a set­back af­ter the Na­tional Com­pany Law Tri­bunal on Fri­day de­clined to stay Reli­gare En­ter­prises’ res­o­lu­tion to in­fuse .₹ 500 crore in its cap­i­tal mar­kets sub­sidiary to re­pay a loan and stall an­other bond is­suance com­ing up for vot­ing on Septem­ber 21.

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