Tribunal directs Williamson Magor, McLeod Russel to pay Rs509cr over unpaid dues
Times of India | 10 October 2025In separate filings, both Williamson Magor and McLeod Russel said that they were reviewing the order.
According to the filings, Real Touch Finance Limited is entitled to also recover costs of $564,600 and Rs 20.23 lakh to be paid jointly and severally by the company and other parties to the arbitration. "The company is reviewing the matter to protect the interests of the company," the filing said.
The Williamson Magor & Co. Limited had taken a loan from KKR in 2017.
The loan asset was transferred to Real Touch Finance Limited, an asset reconstruction company (ARC), by KKR.
McLeod Russel India chairman and managing director Aditya Khaitan said, "McLeod Russel India did not take the loan. The company has informed the bourses about the development as a related party. We are in discussion with the ARC and are trying to settle it at the earliest."
It may be recalled that earlier this year, debt-ridden McLeod Russel India had submitted an initial proposal to the National Asset Reconstruction Company Limited (NARCL) for the resolution of its debt.
