MBL Infrastructures has informed that the Learned Arbitral Tribunal comprising of Hon'ble Justice Asok Kumar Ganguly, Former Judge, Supreme Court of India, Presiding Arbitrator, Hon'ble Justice Aloke Chakrabarti, Former Judge, Calcutta High Court, Co-Arbitrator, and Hon'ble Justice J D Kapoor, Former Judge, Delhi Court, Co-Arbitrator, has passed majority award dated 16.03.2022 for a sum of Rs 78.84 crores (including interest till 16.03.22) plus further interest @8% p.a. till the payment of the award amount in favour of MBL Infrastructures Ltd against West Bengal Highway Development Corporation Ltd, for a Road project in the state of West Bengal. The minority award is for a sum of Rs 186.64 crores plus further interest @8% p.a. till the payment of the award amount to the Company.
The above information is a part of company’s filings submitted to BSE.
