Date: 28th July, 2026
Legal Update Summary
MBL Infrastructure Ltd. has provided an update on a significant legal matter concerning a road project in Uttarakhand.
Court Decision
The Commercial Court in Dehradun, Uttarakhand, has dismissed two petitions filed by the Public Works Department, Government of Uttarakhand. These petitions were filed under Section 34 of the Arbitration and Conciliation Act, 1996. The petitions were challenging an arbitration award dated 14th December, 2024, which was in favor of MBL Infrastructure Ltd.
Project and Award Details
The arbitration award pertains to the project: 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)' located in the state of Uttarakhand.
The total value of the arbitration award, including accrued interest, is ₹82.77 Crores as of 27th July, 2026. Interest on the award amount continues to accrue at a rate of 12% per annum until the date of full payment is made to the company.
Management Commentary
Mr. Anjanee Kumar Lakhotia, Chairman & Managing Director of the company, provided commentary on the company's approach to receivables. He stated that the company is actively pursuing its receivables, which are currently at various stages of negotiations, discussions with clients, arbitrations, and litigations. The company's consistent aim is to resolve disputes amicably while preserving long-term relationships with its customers.
Company Background (From Document)
MBL Infrastructure Ltd. was established in 1995 and has been listed since 2010. The company is engaged in the execution of Roads & Highways (Construction, BOT, O&M), Building, Housing & Urban Infrastructure, Railways/Metro, and Other Infrastructure projects across India (PAN India). It maintains its own divisions for Quarrying, Concrete, Bitumen, Construction material, and tolling.