MBL Infra update on Arbitration award/ Court Order.

The Division Bench of Hon'ble High Court of Delhi by order dated 20.12.2022 has upheld the majority Arbitration award dated 20.01.2020 against M/s Telecommunications Consultants India Ltd. (TCIL) in respect of construction of 144 Nos Type V and 24 Nos Type VI Houses in Campus of Rajiv Gandhi Thermal Power Project at Khedar in Hisar District, Haryana. The net amount receivable in terms of the arbitration award/Court Order has been worked out as Rs. 18.24 crores as on 24.12.2022 with further interest accruing @12% p.a. compounded with monthly rests till receipt of the amount.

EQUITYBULLS