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Maharashtra govt told to pay ₹691 cr to IDRCL in tollway case
The Maharashtra government has been ordered to pay ₹691 crore to India Debt Resolution Co (IDRCL), the managing arm of NARCL, in an arbitration case related to the Sion Panvel Tollways (SPTPL) debt. This is a significant recovery for the government-backed bad bank, as IDRCL had acquired SPTPL's debt for only ₹117 crore in 2024. The arbitration award marks one of the first major recoveries for NARCL since its inception in 2022.
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