MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary, MBL (MP) Toll Road Company Ltd (MPTRCL). The Adjudicating Authority has approved the resolution plan submitted by MBL, effectively bringing MPTRCL out of insolvency.
The approval, granted via an order dated September 12, 2025, restates the powers of MPTRCL’s Board of Directors. As part of the resolution plan, MBL will infuse Rs 9.11 crores in equity into MPTRCL. This amount includes an Earnest Money Deposit (EMD) and Performance Security of Rs 2 crores already held in an escrow account.
The funds, along with MPTRCL’s existing cash, bank balance, liquid assets…