Anil Ambani-led Reliance Naval And Engineering Ltd
In picking strategic partners, defence ministry isn't spoilt for choice
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 "In picking strategic partners, defence ministry isn't spoilt for choice")
NCLT adjourns insolvency case against Reliance Naval by IFCI to Jan 11
The Ahmedabad bench of National Company Law Tribunal (NCLT) on Tuesday adjourned an insolvency case against Anil Ambani-led Reliance Naval and Engineering Ltd. to January 11, 2018.Reliance Marine & Offshore Ltd., a subsidiary of Reliance Naval and Engineering Ltd. and its guarantor, failed to serve a Rs 60 crore loan extended by IFCI, following which the lender approached the NCLT against both in mid November.The two judge bench of NCLT adjourned the matter till January 11 2018 after the Reliance Naval and Engineering Ltd. counsel sought time for considering an appeal to the National Company Law Appellate Tribunal (NCLAT) in the interim.IFCI had filed separate petitions in mid-November in NCLT under section 7 of the Insolvency and Bankruptcy Code (IBC) 2016 against defaulter Reliance Marine and Offshore Ltd. and its guarantor Reliance Naval and Engineering Ltd. According to sources, IFCI seeks to in all recover dues worth over Rs 150 crore.In an official statement, Reliance Naval .
 "NCLT adjourns insolvency case against Reliance Naval by IFCI to Jan 11")
