Tribunal halts Reliance Infratel's asset sale
The National Company Law Tribunal has stayed the sale of assets of Anil Ambani-led Reliance Communications' subsidiary Reliance Infratel till March 13. This comes after minority investor HSBC Daisy Investments (Mauritius) alleged that its consent was not sought for the sale. It argued that Reliance Infratel would become defunct after Reliance Jio deal as it wouldn't have any assets left. 