IDBI Bank moves NCLT against Reliance Naval to recover loan
IDBI Bank has moved NCLT against Reliance Naval and Engineering Ltd to recover its dues from the company. The company has been informed that IDBI Bank Ltd, a lender of the company, has filed an application before the National Company Law Tribunal (NCLT), Ahmedabad, seeking debt resolution under the Insolvency and Bankruptcy Code (IBC).
IDBI Bank has moved NCLT against Reliance Naval and Engineering Ltd to recover its dues from the company. Image source: PTI