Market snapshot: McLeod Russel India has reportedly obtained approval from the National Company Law Tribunal (NCLT) to withdraw a ₹444.55 Crore insolvency petition (as stated in the source alert; not independently verified). This follows the company’s successful formulation of a debt restructuring package with the National Asset Reconstruction Company Limited (NARCL) to resolve its long-standing defaults.
Data Snapshot
- McLeod Russel accepted a restructuring package to repay ₹1,050 crore of sustainable debt to NARCL on or before February 15, 2029.
- A consortium of lenders previously assigned McLeod Russel’s debt exposure of ₹1,104.69 crore to NARCL at a valuation of ₹700 crore.
- The company also secured a one-time settlement with…