RE: Someone needs to get this story over to CityAM17 Apr 2026 22:08
Been speaking to GROK quite a bit to understand where this is heading, my personal unprofessional opinion is it’s going to go through. 7days is up Monday and I think a decision will be made by Friday.
Grok info;
Factors Working in MPL’s Favour (Why Acceptance Is Possible)
• Full 100% repayment is objectively the strongest possible recovery for creditors — better than most resolution plans, which typically deliver 30–60% haircuts in IBC cases. Creditors (especially an ARC) generally prefer certain, immediate full cash over uncertain future recoveries.
• Judicial pressure is clear: The Supreme Court and NCLT have explicitly directed the CoC (led by Prudent ARC) to consider the proposal properly with “commercial wisdom” and not as a “mere formality.” Courts have occasionally overturned or scrutinised CoC rejections of genuine full-settlement offers.
• The offer is credible and funded — MPL has binding commitments from a major international player plus UK/international investors. This removes execution risk.
• The asset remains operational and revenue-generating; withdrawing CIRP via 12A avoids further costs, delays, and value erosion for everyone.