NCLT allows withdrawal of insolvency petition against Reliance Infra JV

NCLT Mumbai allowed withdrawal of an insolvency petition filed by NARCL (originally by Indian Bank) against Mumbai Metro One Private Limited (MMOPL), a Reliance Infra joint venture with MMRDA (74 percent and 26 percent). A Master Restructuring Agreement dated July 9, 2026 was signed between NARCL and MMOPL for restructuring of financial obligations, leading to withdrawal of the petition. NARCL retains liberty to revive the petition in case of default.