MBL Infra Substantially Completes Project
MBL Infrastructures Limited has substantially completed work of Project for Improvement/Upgradation of roads and bridges of Shivganj-Rafiganj-Goh-Uphara-Devkund-Baidrabad Road (SH-68), Package. Bihar (Contract value Rs 168.53 crores).
“The Company has substantially completed various public interest projects since the approval of the Resolution Plan under the Insolvency & Bankruptcy Code, 2016 (IBC, 2016) by Hon’ble NCLT by its order dated I8"I April 2018. Some of the Banks had preferred appeals before Hon'ble NCLAT against the said order. There is no stay on implementation of the Resolution Plan. The hearings on these appeals have been completed and order has been reserved by Hon’ble NCLAT." said Surrender Aggarwal-Executive Director (Projects) of the Company while addressing Company officials.