McNally Bharat Engineering to Recover ₹24.25 Cr from NCLT Order

McNally Bharat Engineering Company Ltd announced that the Board of Directors noted an order dated June 12, 2026, from the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT allowed an application seeking avoidance of preferential transactions. UCO Bank is directed to refund ₹9.07 Crore, and Joint Venture entities are to refund ₹15.18 Crore to the company, both with 9% annual interest. This favorable monetary recovery of approximately ₹24.25 Crore (plus interest) will be applied as per the approved Resolution Plan. The impact has been recognized in the unaudited financial results for the quarter ended June 30, 2026.