Business Update27 Apr 2026, 10:30 am
Supreme Infra: MMRDA Forms Committee for ₹45.47 Cr Claim
AI Summary
Supreme Infrastructure India Ltd. announced that the Mumbai Metropolitan Region Development Authority (MMRDA) has formed a Dispute Resolution Committee (DRC) to address the company's outstanding claim of ₹45.47 Crores related to flyover works. The DRC held its preliminary meeting on April 10, 2026, establishing a framework for further proceedings. This development marks progress in resolving Supreme Infrastructure's legacy receivables.
Key Highlights
- MMRDA constitutes Dispute Resolution Committee for Supreme Infra's claim.
- Claim pertains to ₹45.47 Cr outstanding for flyover works.
- DRC's preliminary meeting held on April 10, 2026.
- The committee aims for a time-bound adjudication of the claim.