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…

Barnet debt centre celebrates first five years of success

London Barnet Debt Centre, run by Christ Church Barnet and The Stable Church Barnet, has been providing free support to residents in Barnet since 2021. The centre operates in partnership with Christians Against Poverty (CAP), a national debt and budgeting charity. Karen Hedges, debt centre manager, said: “Many of the people we’ve helped were really…

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Stage 1 of the Olifants Management Model Programme reaches mezzanine debt financial close

The Badirammogo Water User Association (BWUA) on Tuesday said that it has passed a significant financing milestone for one of South Africa’s largest water infrastructure programmes. Stage 1 of the R25-billion Olifants River Management Model (OMM) Programme has achieved financial close with its mezzanine debt lender, climate-focused blended finance investment manager Climate Fund Managers. The funding…

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