NCLT admits Invent Assets' insolvency plea against Reliance Home Finance
This story was originally published at 20:19 IST on 17 September 2025
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NEW DELHI – The Mumbai bench of the National Company Law Tribunal has admitted Invent Assets Securitisation & Reconstruction Pvt. Ltd.'s petition to start insolvency proceedings against Reliance Home Finance Ltd. for an unpaid amount of INR 78.10 million. The tribunal appointed Umesh Balaram Sonkar as the interim resolution professional of the debt-ridden company to carry out the functions as per the Insolvency and Bankruptcy Code, 2016.
"The corporate debtor Reliance Home Finance Ltd. is admitted into the corporate insolvency resolution process under Section 7(5)(a) of the (2016) Code," the tribunal said. Consequently, a moratorium under Section 14 of the Code has been declared on Reliance Home Finance, it said.
The case has its genesis from Reliance Home Finance availing financial assistance of INR 95.00 million from Reliance Commercial Finance Ltd. in 2023. Thereafter, in 2024, the tribunal approved a scheme of arrangement for demerger of the lending business of Reliance Commercial Finance into Authum Investment and Infrastructure Ltd., after which the latter became the lender to Reliance Home Finance.
However, Reliance Home Finance defaulted on its loan payment obligation to Authum Investment. Later, Authum Investment assigned the loan to financial creditor Invent Assets Securitisation. Given the continued loan repayment default, Reliance Home Finance's account was declared a non-performing asset and Invent Assets moved the tribunal to start insolvency proceedings.
Wednesday, shares of Reliance Home Finance ended 1.1% lower at INR 4.68 on the National Stock Exchange. Shares of Authum Investment ended 0.3% lower at INR 3,275.60. End
Reported by Surya Tripathi
Edited by Rajeev Pai
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