Supreme Court revives SBI led creditors claim worth 3628 crore in Reliance Infratel case

Corporate guarantees were treated as financial debt

The Supreme Court has reinstated the SBI-led consortium as financial creditors in Reliance Infratel’s insolvency, restoring their rights over a ₹3,628 crore claim. Overturning lower tribunal rulings, the court ordered a reconstituted committee of creditors, adding six banks as financial creditors. It also held that corporate guarantees qualify as financial debt under the Insolvency and Bankruptcy Code.