The country’s one of the largest bulk tea producers, McLeod Russell India, has accepted a one-time settlement (OTS) sanction issued by J.C. Flowers Asset Reconstruction.
This is part of the ongoing restructuring of the debt-ridden company. JCF ARC is acting as trustee of JCF YES Trust to settle the company’s outstanding dues. JCF ARC represents approximately 20.6 per cent of the total institutional loan value as of December 31, 2025.
In a stock exchange filing, the bulk tea producer said its board of directors, at its meeting on Friday, accepted the One-Time Settlement (OTS) sanction received from J.C. Flowers Asset Reconstruction Private Limited (JCF ARC), acting as trustee of JCF YES Trust, for the settlement of outstanding dues of the company.
Settlement terms and exposure details
“JCF ARC representing approx. 20.58 per cent in value of the total Institutional Loan as on December 31, 2025. As earlier informed, we have already obtained a Sanction Letter from National Asset Reconstruction Company (NARCL) on April 9, 2026 representing approx. 75.02 per cent for the restructuring of debt of the company. The settlement value of the OTS with JCF ARC is ₹150 crore payable in tranches by June 30, 2027,” the company said.
