NCC Limited Gets 89.6% Creditor Nod for Scheme of Arrangement

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Limited secured 89.60% approval from secured creditors for its Scheme of Arrangement with NCC Infrastructure Holdings Ltd, representing 92.25% of total secured debt (₹2,032.98 crore). At the NCLT-supervised meeting, 17 of 18 creditors — including SBI, Canara Bank, Union Bank, and ICICI Bank — voted in favor, while Indian Overseas Bank abstained. The meeting, chaired by Md. Hidayathullah Shareef, was adjourned from January 2025 and held in August 2025.