McLeod Russel lenders to discuss Carbon Resources offer
The tea producer had defaulted on the repayment of principal and interest to its lenders. When contacted, a director of MRIL said the proposal was sent to the lenders and the company is "not aware of it as of now". "The decision cannot be taken in one meeting," said the person who requested not to be named. "There is a process. Let us see what happens and what course of action the lenders take."