Maharashtra govt told to pay ₹691 cr to IDRCL in tollway case

India Debt Resolution Co (IDRCL), the managing arm of NARCL, secured a ₹691 crore arbitration award from Bombay High Court-appointed arbitrator Justice JP Devadhar. This is nearly six times the ₹117 crore IDRCL paid to acquire Sion Panvel Tollways (SPTPL) debt in 2024, marking one of the first recoveries for the government-backed bad bank since 2022.