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BRIEF-Reliance Naval & Engineering Says IFCI's Insolvency Petition Against Co Has "No Merit"
November 30, 2017 / 11:47 AM / 16 days ago

BRIEF-Reliance Naval & Engineering Says IFCI's Insolvency Petition Against Co Has "No Merit"

Nov 30 (Reuters) - Reliance Naval And Engineering Ltd :

* CLARIFIES ON NEWS ITEM REGARDING IFCI FILING INSOLVENCY CASE AGAINST CO TO RECOVER LOAN

* SAYS THERE ARE “NO MERITS” IN IFCI‘S APPLICATION BEFORE NCLT; SAYS ACTION IS “UNWARRANTED”

* SAYS 25 SECURED LENDERS REQUESTED IFCI THAT 'MATTER BE RESOLVED OUTSIDE THE NCLT' Source text: bit.ly/2k9lQox Further company coverage:

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