Page 2 - Mcleod Russel

NCLAT admits McLeod promoter appeal, to decide on constitution of CoC

On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod.

How group firm helped land India's largest tea producer in bankruptcy court

Some of the major buyers have privately ruled out bidding for the company

NCLT admits application for initiating CIRP against McLeod Russel

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

Low price denomination stocks dominate investor interest, shows data

Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period

2 Williamson Magor Group companies in advanced talks to recast loans

Promoters are also exploring capital infusion into certain promoter group companies and monetisation of certain assets of the group

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

Tea stocks rally as prices surge amid supply disruption; should you buy?

Analysts remain cautious on tea-stocks as they believe the companies may witness lower growth in revenues due to loss in production.

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

Khaitan holding dips in Eveready, McLeod Russel as IndusInd invokes shares

Dabur's Burman family emerges as largest shareholders in Eveready, with 19.84% stake

McLeod Russel defaults at Rs 1,187 cr; to sell tea estates to pare debt

This is the first time the financially stressed McLeod has made public the total payment it has defaulted with the lenders under this new regulation

Delhi High Court restrains Eveready, McLeod Russel from sale of assets

Another estate sale in Assam is underway for a consideration of Rs 28.15 crore. However, following the court's stay, this transaction is being put on hold.

Relief for Eveready, McLeod Russel as Calcutta HC lifts stay on asset sale

The earlier injunction preventing such sales and was impairing the firms' ability to pay off their lenders outside the scope of NCLT

Lenders take forward their resolution plan for McLeod Russel outside NCLT

Led by ICICI Bank, the largest lender, they have asked LSI Financial Services to do a feasibility study on the health gardens and the firm's EBITDA prospects

Bank moves NCLT to initiate insolvency proceedings against McLeod Russel

Sources said the hearing on this matter will come up next month

Eveready not under stress, working to revive profitability: Khaitan

Eveready managing director, Amritanshu Khaitan did not confirm a deal with Duracell but said that the company continues to look at opportunities and discuss various joint ventures or strategic tie-ups

McLeod Russel moves NCLT to resume tea estate sale to help it repay dues

Tribunal had stayed the sale after a financial creditor moved Kolkata bench of NCLT to recover dues of Rs 100 cr; McLeod says sale is part of restructuring plan, will help revive company

Eveready's plan to sell battery business to pare debt tied in legal knots

Battery division sell-off may be delayed

Shareholders defeat all four of McLeod Russel's special resolutions

After the AGM move, the tea company may be forced to change the restructuring plan

Lending to group firm was a mistake, says McLeod Russel's Khaitan

Shareholders said McNally's failure to repay the borrowings direly affected McLeod's financial position

McLeod Russel director resignations raise eyebrows; SES red-flags trend

Several independent directors quit citing health reasons but continue to serve on other boards