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McLeod Russel’s debt resolution gathers steam
Business Standard
|November 18, 2025
Amid ongoing talks with National Asset Reconstruction Company Limited (NARCL) on debt restructuring, the country’s largest bulk tea producer McLeod Russel India has filed a revised resolution plan as techno economic viability (TEV) study gets underway.
Parallel submissions have been made to other lenders for the balance debt.
In its results disclosure for Q2FY26, McLeod Russel mentioned that it had started pursuing NARCL for resolution with respect to the company’s borrowings. A resolution plan specifying the amount, term and resources of repayment over a specified period was submitted.
Consequent to the discussions and deliberations with NARCL, the plan has been revised and the latest submission was made on June 17, 2025. Explanations and replies sought by NARCL were being provided, the company said.
Cette histoire est tirée de l'édition November 18, 2025 de Business Standard.
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