NCLAT seeks Anil Ambani’s reply on HSBC Daisy’s contempt plea over non-payment of dues

The NCLAT has sought a response from Reliance Group Chairman Anil Ambani within 10 days over a contempt plea filed against him and other officials by the minority shareholders alleging non-payment of dues by one of its group firms.

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya said he would like to hear Ambani and other respondents over the contempt petition filed by HSBC Daisy Investments (Mauritius) and some other minority shareholders of the company over alleged breach of undertaking for payment by group firm Reliance Infratel.