McLeod Russel to Withdraw Insolvency Petition After ₹1,050 Crore NARCL Restructuring Approval
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…

