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MBL Infra gets DRB recommendation for Rs 530 73 crores

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.

Trade Setup For Tuesday: Top 15 Things To Know Before Opening Bell

Trade setup for Tuesday: Top 15 things to know before Opening Bell On Tuesday, the market would rally if it crosses 13,600 levels at the beginning, and in that case, we could even see the levels of 13,700 or 13,750, says Shrikant Chouhan of Kotak Securities. Sunil Shankar Matkar December 15, 2020 / 07:09 AM IST The market turned lower after hitting a life high in early trade but managed to recoup those losses to end at a record closing high on December 14, supported by positive global cues and October industrial output data. The BSE Sensex climbed 154.45 points to 46,253.46, while the Nifty50 rose 44.30 points to 13,558.20 and formed a Doji kind of pattern on the daily charts for the third consecutive session as closing was near opening levels.

MBL Infrastructures Ltd recommended Rs 530 73 crores in dispute resolution

MBL Infrastructures Ltd recommended Rs 530 73 crores in dispute resolution
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