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
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?