Arbitration Award of Rs 17.24 Crores for MBL Infrastructure Ltd. from Uttarakhand Government

The Commercial Court, Dehradun, Uttarakhand has passed an order directing the Public Works Department (PWD), Government of Uttarakhand to pay MBL Infrastructure Ltd. by the due date an amount of Arbitration Award dated 23.03.2024 regarding a completed Road Project of ‘Improvement/Strengthening of State Roads in the district of Nainital & Udham Singh Nagar, Package no. 5'. The Learned Arbitral Tribunal had passed an unanimous Award dated 23.03.2024 in favour of the Company against PWD, Uttarakhand for a completed Road project for a sum of Rs 17.24 crores (including interest up to the date of Award) plus future interest of 12% p.a. from the date of Award to the actual date of payment along with a declaratory award of GST.