Reliance Innoventures, an enterprise owned by Anil Ambani, has been admitted for insolvency proceedings by the National Company Law Tribunal (NCLT) following a claim made by JC Flowers Asset Reconstruction Company. JC Flowers, which took over Yes Bank’s bad loan portfolio of ₹48,000 crore, alleged that Reliance Innoventures had defaulted on its debts, specifically defaulting on interest payments amounting to
