NCLT allows withdrawal of NARCL petition against MMOPL

Reliance Infrastructure Ltd announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the withdrawal of a petition filed by National Asset Reconstruction Company Limited (NARCL) against Mumbai Metro One Private Limited (MMOPL). This withdrawal is in accordance with the Master Restructuring Agreement (MRA) executed between NARCL and MMOPL for restructuring MMOPL's financial obligations. MMOPL is a joint venture between Reliance Infrastructure (74%) and MMRDA (26%). The original petition was filed by Indian Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, and NARCL was later substituted as the financial creditor. The NCLT order, dated July 10, 2026, disposes of the petition as withdrawn, with liberty to NARCL to revive it in case of default by MMOPL under the MRA.