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The National Company Law Tribunal, Kolkata Bench, on Friday, admitted an application for initiating a corporate insolvency resolution process (CIRP) against McLeod Russel India, the country’s largest bulk tea producer and part of the Brij Mohan Khaitan group.
In a filing with the stock exchanges, the company informed that NCLT, Kolkata Bench, had admitted an application filed by IL&FS Infrastructure Debt Fund under Section 7 of the Insolvency and Bankruptcy Code (IBC).
McLeod Russel sources said that it would appeal against the order in the National Company Law Appellate Tribunal (NCLAT) and indicated that discussions with IL&FS were also on
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