Mumbai Metro One gets Rs 1,100-crore debt relief; insolvency proceedings to be withdrawn

Mumbai Metro One, which operates the Versova-Andheri-Ghatkopar corridor, has received a major financial lifeline after signing a debt restructuring agreement that will reduce its debt by more than Rs 1,100 crore. Insolvency proceedings against the company will also be withdrawn. Mumbai Metro One Private Limited (MMOPL) has signed a debt restructuring agreement with the government-backed…

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Debt relief lifeline returns for eThekwini account dispute customers

Customers whose municipal account disputes were still being investigated when eThekwini’s Special Debt Relief Programme closed earlier this year have been given a second chance to benefit after the programme was reinstated. The eThekwini Municipality’s Full Council has approved the reinstatement of the programme exclusively for customers whose disputes were still under consideration when the…