The National Highways Authority of India (NHAI) has settled claims worth ₹13,349 crore for ₹3,743 crore, since financial year 2017-18, road transport and highways ministry said on Wednesday.
“Till Now, 108 cases have been referred to CCIE (Conciliation Committees of Independent Experts) and claims worth ₹13,349 crore have been successfully settled for an amount of ₹3,743 crore. NHAI is working on a fast track mode to resolve all the disputes through conciliation,” an official statement said.
“It will not only reduce the legal hassles of both the parties in a long-drawn arbitration process but the money stuck in arbitral cases can be unlocked for revival of private sector,” it said.
