Reliance Infrastructure LimitedRELINFRANSE
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Reliance Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactReliance Infrastructure Limited disclosed that the National Company Law Tribunal has admitted a petition for Corporate Insolvency Resolution Process against its wholly owned subsidiary, KM Toll Road Private Limited, filed by State Bank of India for a claim amount of INR 233.44 crore. The company has already provided for its exposure of approximately INR 548 crore in KM Toll Road in its financial statements. A copy of the tribunal's order is included with the filing.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%