MBL Infrastructures Ltd. 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. The contract value is Rs 168.53 crore.
Addressing company officials, Surrender Aggarwal-Executive Director (Projects), said, “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 18th 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.”
MBL is engaged in the execution of civil engineering projects. The company provides integrated engineering, procurement and construction (EPC) services for civil construction and infrastructure sector projects.
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