Announced Tue, 28 Jul · 12:10 IST
MBL Infrastructure wins arbitration - govt petitions dismissed, Rs 82.77 crore award
Compliance View source PDF
MBLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The Commercial Court in Dehradun dismissed both petitions filed by Uttarakhand's Public Works Department against the arbitration award dated 14.12.2024 in favour of MBL Infrastructure. The award relates to a road improvement project in Udham Singh Nagar district. The award value including interest is Rs 82.77 crores as of 27.07.2026, with 12 percent annual interest continuing till payment.
Likely market impact
Positive for MBL Infrastructure. The Rs 82.77 crore arbitration award in its favour now stands, with 12 percent annual interest continuing till payment.