Revival Plan
NCLT approves Sagacious Cap's INR 1.1 bln IBC plan for Reliance Innoventures
This story was originally published at 17:03 IST on 7 January 2026
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NEW DELHI – The Mumbai bench of the National Company Law Tribunal has approved Sagacious Capital Pvt. Ltd.'s INR 1.10 billion resolution plan for Reliance Innoventures Pvt. Ltd., the ultimate holding company of the Anil Dhirubhai Ambani Group. The tribunal said it was satisfied that the resolution plan complied with the mandatory requirements stipulated under Section 30(2) of the Insolvency and Bankruptcy Code and conformed to Regulations 37, 38, 38(1A), and 39(4) of the Corporate Insolvency Resolution Process) Regulations, 2016.
Reliance Innoventures has strategic holdings in several listed group companies through intermediate holding entities. It had held promoter shareholdings in Reliance Capital Ltd., Reliance Power Ltd., Reliance Infrastructure Ltd., and Reliance Communications Ltd., among other Anil Dhirubhai Ambani Group companies, directly and through subsidiaries.
In 2023, the tribunal admitted a petition by JC Flowers Asset Reconstruction Pvt. Ltd. to initiate insolvency proceedings against Reliance Innoventures. Other lenders included HDFC Bank, Axis Trustee Services Ltd., Assets Care & Reconstruction Enterprise Ltd. and Central Bank of India.
In 2024, the committee of creditors approved Sagacious Capital's resolution plan. Sagacious Capital is engaged in diversified investment and advisory activities and is authorised to acquire, hold, and dispose of securities, land, and land-related assets, and to provide financial consultancy, fund-raising, restructuring, and stressed asset management services. End
Reported by Surya Tripathi
Edited by Saji George Titus
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