SC restores Exim Bank of China, others as financial creditors in Reliance Infratel's insolvency process

The Supreme Court reinstated China Development Bank and others as financial creditors in Reliance Infratel's insolvency case, overturning a previous NCLAT order. The NCLAT had declassified these creditors based on their indirect lending through asset hypothecation for Reliance Communications, a related company. Reliance Infratel, now owned by Reliance Jio, had its resolution plan previously approved with these creditors' claims included.