NCLAT rejects Reliance Realty plea; says liquidation to be completed in shortest possible time
The appellate tribunal National Company Law Appellate Tribunal (NCLAT) has set aside an appeal filed by Reliance Realty, a step-down entity of debt-ridden Reliance Communications, seeking recovery of rental and assets from Independent TV, a firm which was in the DTH business and is now facing liquidation. The NCLAT has upheld the earlier order passed…