{"id":500167,"date":"2022-06-23T09:05:53","date_gmt":"2022-06-23T03:35:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500167"},"modified":"2022-06-23T09:33:28","modified_gmt":"2022-06-23T04:03:28","slug":"nhai-pays-rs-308-cr-arbitral-award-to-irb-infra-spv-in-payments-dispute","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nhai-pays-rs-308-cr-arbitral-award-to-irb-infra-spv-in-payments-dispute\/","title":{"rendered":"NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute"},"content":{"rendered":"<p>The National Highways Authority of India (NHAI), after a Delhi High Court order, has paid Rs 308 crore to IRB Pathankot Amritsar Toll Road Ltd (IRPRL), a special purpose vehicle (SPV) of IRB Infrastructure Developers, over a dispute in payment related to the Pathankot-Amritsar project.<\/p>\n<p>\u201cWe deeply appreciate the steps taken by the Cabinet Committee on Economic Affairs for providing interim cashflow access to developers in clear award scenarios till a final verdict is closed,\u201d said Virendra Mhaiskar, chairman and managing director of IRB Infra.<\/p>\n<p>The amount is 75 per cent of the Rs 419 crore arbitral award owed by the highways authority after a court victory in July 2021, said the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Highways Authority of India (NHAI), after a Delhi High Court order, has paid Rs 308 crore to IRB Pathankot Amritsar Toll Road Ltd (IRPRL), a special purpose vehicle (SPV) of IRB Infrastructure Developers, over a dispute in payment related to the Pathankot-Amritsar project. \u201cWe deeply appreciate the steps taken by the Cabinet Committee on Economic Affairs for providing interim cashflow access to developers in clear award scenarios till a final verdict is closed,\u201d said Virendra Mhaiskar, chairman and managing director of IRB Infra. The amount is 75 per cent of the Rs 419 crore arbitral award owed by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-500167","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=500167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}