The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted an application against Reliance Naval and Engineering Limited (R-Naval) for insolvency.

“The application by IDBI Bank Ltd. for a claim of Rs. 1,159.43 crore before the NCLT Ahmedabad bench has been admitted,” R-Naval said in a filing with the exchanges.

NCLT admits Reliance Naval for insolvency

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