The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order regarding admitting a contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by minority shareholders alleging non-payment of dues by Reliance Infratel.
A two-member bench, which was headed by NCLAT Chairman Justice S J Mukhopadhaya, said it will decide whether the contempt petition filed by HSBC Daisy Investments (Mauritius) and others should be admitted as Reliance Communications (RCom) is a now going through insolvency proceedings.
Reliance Infratel, which has been served the contempt petition, is part of RCom.
The counsel appearing for resolution professional said that as