JSW Infra Gets CoC Nod For NCR Rail Infra Resolution Plan, Awaits NCLT Approval

JSW Infrastructure Ltd. on Thursday said the committee of creditors of NCR Rail Infrastructure Ltd. has approved its resolution plan under the Insolvency and Bankruptcy Code. The company has also received a letter of intent from the resolution professional.

The resolution plan will now require clearance from the National Company Law Tribunal or other relevant authorities.
NCR Rail Infrastructure owns and operates a six-line private freight terminal in Khurja, Uttar Pradesh.

The site includes two fully constructed covered warehouses spread across 0.2 million square feet and a land bank of approximately 130 acres.