MEP Infrastructure Seeks Settlement with Lenders under IBC
ECONOMY & POLICY

MEP Infrastructure Seeks Settlement with Lenders under IBC

MEP Infrastructure Developers, led by Chairman Jayant Mhaiskar, is pursuing a settlement with its lenders under the Insolvency and Bankruptcy Code (IBC) framework. This strategic move is part of the company's efforts to resolve outstanding financial obligations and restructure its debt amidst challenging economic conditions.

The decision to seek a settlement comes in light of MEP Infrastructure's ongoing discussions with its creditors to find a mutually agreeable solution. The company, which operates in the infrastructure sector, faces financial pressures exacerbated by project delays and economic uncertainties.

Under the IBC process, MEP Infrastructure aims to negotiate terms that would enable it to reorganise its finances and regain financial stability. This includes proposing a viable repayment plan to creditors while ensuring continuity of its operations and projects.

Jayant Mhaiskar emphasised the company's commitment to transparency and compliance throughout the settlement process. He expressed confidence in reaching a favourable agreement that would benefit all stakeholders, including lenders, employees, and project partners.

MEP Infrastructure, known for its involvement in road construction and maintenance projects, plays a crucial role in India's infrastructure development. The outcome of its discussions under the IBC framework will impact its ability to manage existing projects and pursue future opportunities in the infrastructure sector.

The company's proactive approach to addressing financial challenges reflects its determination to navigate through market uncertainties and maintain its operational integrity. As negotiations progress, stakeholders will closely monitor developments to assess the implications for MEP Infrastructure's financial health and business prospects.

MEP Infrastructure Developers, led by Chairman Jayant Mhaiskar, is pursuing a settlement with its lenders under the Insolvency and Bankruptcy Code (IBC) framework. This strategic move is part of the company's efforts to resolve outstanding financial obligations and restructure its debt amidst challenging economic conditions. The decision to seek a settlement comes in light of MEP Infrastructure's ongoing discussions with its creditors to find a mutually agreeable solution. The company, which operates in the infrastructure sector, faces financial pressures exacerbated by project delays and economic uncertainties. Under the IBC process, MEP Infrastructure aims to negotiate terms that would enable it to reorganise its finances and regain financial stability. This includes proposing a viable repayment plan to creditors while ensuring continuity of its operations and projects. Jayant Mhaiskar emphasised the company's commitment to transparency and compliance throughout the settlement process. He expressed confidence in reaching a favourable agreement that would benefit all stakeholders, including lenders, employees, and project partners. MEP Infrastructure, known for its involvement in road construction and maintenance projects, plays a crucial role in India's infrastructure development. The outcome of its discussions under the IBC framework will impact its ability to manage existing projects and pursue future opportunities in the infrastructure sector. The company's proactive approach to addressing financial challenges reflects its determination to navigate through market uncertainties and maintain its operational integrity. As negotiations progress, stakeholders will closely monitor developments to assess the implications for MEP Infrastructure's financial health and business prospects.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?