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

The National Company Law Tribunal (NCLT), New Delhi Bench, on Friday, admitted an application for initiating a corporate insolvency resolution process (CIRP) against McLeod Russel India, the largest bulk tea producer in the country.

In a stock exchange filing, the company said that an application had been filed by Techno Electric & Engineering Company against it before the NCLT under Section 7 of the Insolvency and Bankruptcy Code (IBC), and the matter was admitted in an order dated August 6, 2021. By the order, Kanchan Dutta had been appointed as the interim resolution professional (IRP) under the provisions of the