MBL Infrastructure Wins ₹172.4 Million Arbitration Award Against PWD Uttarakhand

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MBL Infrastructure Ltd. has secured a ₹172.4 million arbitration award against the Public Works Department (PWD) Uttarakhand, marking a significant legal victory in the infrastructure sector. The ruling mandates PWD Uttarakhand to compensate MBL Infrastructure, including 12% interest on the awarded amount.

Key Highlights of the Arbitration Award:

Legal Victory – The arbitration tribunal ruled in favor of MBL Infrastructure, reinforcing its contractual rights in a long-standing dispute over road improvement projects.
Interest Clause – The award includes a 12% annual interest, applicable if PWD Uttarakhand fails to make payments within the stipulated timeframe.
Project Background – The dispute centered around the Improvement and Strengthening of Roads in Udham Singh Nagar (Package No. C2), which faced delays and financial disagreements.
Financial Impact – The ruling strengthens MBL Infrastructure’s financial position, ensuring compensation for its work and setting a precedent for future infrastructure-related disputes.

Outlook on MBL Infrastructure’s Legal Win

This arbitration victory highlights the importance of contractual enforcement in India’s infrastructure sector. With government-backed projects facing legal scrutiny, the ruling reinforces corporate accountability and financial fairness in public-private partnerships.

Sources: Finance Saathi, Jus Mundi.