HSBC Daisy had moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel
HSBC Daisy Investments (Mauritius) and others have filed the contempt petition against Reliance Infratel.
This clears the way for the sale of Reliance Communications' tower and fibre assets to Reliance Jio
The RCom group firm's petition was also backed by public sector lender SBI at NCLAT
Earlier, it was announced that tower biz would be sold to Brookfield Infrastructure at Rs 11k cr
After this approval, Brookfield-led Rapid Holdings 2 will acquire 100% of Towerco