Reliance Infrastructure Limited has made an official announcement regarding a legal case filed by the State Bank of India against its subsidiary. This case has been registered under the Insolvency and Bankruptcy Code, highlighting financial issues faced by SU Toll Road Private Limited.
The State Bank of India (SBI) has filed a case under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case is against SU Toll Road Private Limited, which is a fully owned subsidiary of Reliance Infrastructure.
The petition has been submitted to the National Company Law Tribunal (NCLT) in Mumbai. The total claim amount is ₹358.70 crore, which includes interest.
SU Toll Road will be consulting legal experts and taking necessary steps to defend itself and protect its interests in the case.
At this stage, the financial impact on Reliance Infrastructure is uncertain. It will depend on the final verdict of the legal proceedings and any follow-up actions.
Reliance Infrastructure Limited, earlier known as Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private company. It is a part of the Reliance Group and operates in various sectors such as power, infrastructure and defence.
The company is involved in building and maintaining roads, metro rail systems, airports and power plants. It also provides engineering and construction services. Headquartered in Mumbai, Reliance Infrastructure plays a key role in India’s infrastructure development and has several subsidiaries under its management.
As of April 15, 2025, at 10:00 AM, Reliance Infrastructure Limited share price is trading at ₹256.45 per share, reflecting a rise of 2.52% from the previous closing price.
Over the past month, the stock has registered a gain of 11.23%. The stock’s 52-week high stands at ₹351.00 per share, while its low is ₹144.45 per share.
This legal development marks a significant challenge for Reliance Infrastructure’s subsidiary. The final outcome of the insolvency case will decide the financial effect on the company. Reliance Infrastructure has assured that proper legal measures will be taken to handle the situation responsibly.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 15, 2025, 1:40 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
