Court directs Uttarakhand PWD to deposit Rs 81.14 crores of arbitration award
Court order: Public Works Department, Government of Uttarakhand directed to deposit Rs 81.14 crores of the 14.12.2024 arbitration award.
- Arbitration Award Amount
- Rs 81.14 crores
- Interest Rate
- 12% p.a. till payment
- Award Date
- 14.12.2024
What the company has disclosed
The Commercial Court, Dehradun, Uttarakhand has passed an order dated 05.10.2026 directing the Public Works Department, Government of Uttarakhand to deposit the amount of Rs 81.14 crores of the arbitration award dated 14.12.2024.
The award relates to the project 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)' in Uttarakhand.
The company has said this update is in continuation of its letters dated 16.12.2024 and 28.07.2026.
The figures in this update
- Rs 81.14 crores – the amount of the arbitration award that the Public Works Department, Government of Uttarakhand has been directed to deposit.
- 12% p.a. – the interest the company says is continuing till the date of payment to it.
Plain-English background
Arbitration is a way of settling a dispute without going to a regular trial. An arbitrator gives a decision called an award. In this case, a Commercial Court has passed an order directing a state government department to deposit the awarded sum. The interest rate mentioned is on the awarded amount and, as per the company, keeps running until payment is made to the company.
What investors may keep in mind
- The update is about a court direction to deposit the amount, in a matter the company has been updating the exchanges on since 2024.
- The continuing interest of 12% p.a. runs till the date of payment to the company.
- Any movement of money to the company would happen through the court process relating to this award.
Also from MBL Infrastructure
Court directs Uttarakhand PWD to deposit Rs 81.14 crore arbitration award
6 Oct 2026
More numbers
- Arbitration award amount directed to be depositedRs 81.14 crores
- Interest continuing till date of payment12% p.a.
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