MBL Infra gets DRB recommendation for Rs 530.73 crores
Posted On: 2020-12-15 01:29:33 (Time Zone: Arizona, USA)
The Learned Dispute Review Board comprising of three independent members has unanimously recommended Rs 530.73 crores plus interest @10% p.a till the payment of the amount in favour of MBL Infrastructures Ltd. for one of its completed projects of NHAI. The Company has received various DRB recommendations / arbitration awards / court orders aggregating to Rs 599.21 crores plus interest since the approval of the Resolution Plan. We are pursuing Dispute Resolution / arbitration / conciliation / litigation proceedings in all matters for realization of our receivables and there has been significant progress.
MBL Infra gets DRB recommendation for Rs 531 cr – IBC World News
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MBL Infrastructures Ltd recommended Rs 530 73 crores in dispute resolution
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