Mumbai: Mumbai Metro One Pvt Ltd (MMOPL), the operator of Mumbai’s Versova-Andheri-Ghatkopar Metro 1, has secured a major debt restructuring agreement that will reduce its debt burden by more than Rs 1,100 crore, with the insolvency proceedings against the company set to be withdrawn after National Company Law Tribunal (NCLT) took up the matter on Thursday, said sources.The restructuring agreement is valued at Rs 2,771.32 crore.The Mumbai bench of NCLT permitted the withdrawal of the insolvency proceedings following the settlement between MMOPL and govt-owned National Asset Reconstruction Company Ltd (NARCL), according to…
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