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MBL Infra gets favourable ruling against NHAI

MBL Infra gets favourable ruling against NHAI
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First Published: Wed, Apr 13 2011. 06 26 PM IST
Updated: Wed, Apr 13 2011. 06 26 PM IST
Mumbai: MBL Infrastructures Ltd said on Wednesday a tribunal has ruled in its favour in a dispute with the National Highways Authority of India (NHAI) and awarded the firm Rs64.3 million.
The dispute was about a contract dating back to August 2006, involving the short-term improvement and routine maintenance of a section of National Highway 2, MBL said in a statement to the exchange.
The company said it had completed the contract on 31 December 2007.
The NHAI had purported to terminate the contract with effect from 1 January 2008, MBL added.
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First Published: Wed, Apr 13 2011. 06 26 PM IST