Business Companies 18 Apr 2019 NCLAT seeks Anil Amb ...

NCLAT seeks Anil Ambani’s reply on HSBC Daisy’s contempt plea

PTI
Published Apr 18, 2019, 2:50 am IST
Updated Apr 18, 2019, 2:50 am IST
The NCLAT has directed that the matter be listed on May 20, 2019 for admission.
Reliance Group Chairman Anil Ambani
 Reliance Group Chairman Anil Ambani

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has sought a response from Reliance Group Chairman Anil Ambani within 10 days over a contempt plea filed against him and other officials by the minority shareholders alleging non-payment of dues by one of its group firms.

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya said he would like to hear Ambani and other respondents over the contempt petition filed by HSBC Daisy Investments (Mauritius) and some other minority shareholders of the company over alleged breach of undertaking for payment by group firm Reliance Infratel.

 

"We intend to hear the learned counsel appearing on behalf of the contemnor-respondents (Anil Ambani and others)," the bench said.

"They may file short reply within ten days. Rejoinder, if any, may be filed by the appellants within a week thereof," it added.

The NCLAT has directed that the matter be listed on May 20, 2019 for admission.

HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel.

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