NCLT Kolkata Bench Dismisses NARCL Insolvency Plea Against McLeod Russel

Mcleod Russel India Ltd has announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has uploaded its order dated July 20, 2026. The order pertains to the withdrawal of the application filed by National Asset Reconstruction Company Limited (NARCL) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The withdrawal was agreed upon by both parties, with liberty granted to revive the petition if restructuring arrangements do not conclude as per agreed terms. The NCLT dismissed the Company Petition (CP) and related interlocutory applications as withdrawn.