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 State Bank of India has filed a petition under the Insolvency and Bankruptcy Code against its wholly owned subsidiary, SU Toll Road Private Limited, for a claim amount of INR 358.70 crore. SU Toll Road will seek legal advice and take steps to protect its interests in the matter. The financial implications for the company are uncertain and depend on the outcome of the proceedings.
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%