Market snapshot: Reliance Infrastructure Limited has achieved a dual legal and financial breakthrough. The company won a ₹157.64 crore arbitration award against the Mumbai Metropolitan Region Development Authority in a dispute over subordinated debt. Simultaneously, the National Company Law Tribunal has officially approved the withdrawal of the insolvency petition against its joint venture, Mumbai Metro One Private Limited, concluding a critical debt resolution process.
Data Snapshot
- A three-member arbitral tribunal unanimously awarded ₹157.64 crore plus interest to Reliance Infrastructure in its dispute with the Mumbai Metropolitan Region Development Authority.
- Reliance Infrastructure holds a dominant 74% equity stake in Mumbai…