Mcnally Bharat Engineering Company Limited — Important, 11-08-2026: Disclosure of material issue

Big win for McNally Bharat Engineering! The Delhi High Court has ruled in the company's favor regarding a long-standing dispute with Metso India Private Limited.

**Issue:** An old claim by Metso India, originating from an arbitral award, against McNally Bharat Engineering. The company had a petition challenging this claim.

**Impact:**

* The Court declared Metso India's claim as extinguished, meaning McNally Bharat Engineering has no further liability on this front.

* Crucially, the Court directed the release of ₹5.52 Cr (plus accrued interest) deposited by the company, which will now be a cash inflow and asset for McNally Bharat Engineering.

**Company's Response/Mitigation:** The company's petition challenging the claim was dismissed as no longer relevant because Metso's claim was not part of the company's approved Resolution Plan under insolvency proceedings. This outcome is highly favorable, extinguishing a liability and bringing in cash.

This is a clear positive for the company, improving its financial position by resolving an old liability and adding cash to its books. #MBECL #CourtOrder #FavorableOutcome