Cash-strapped DCIL struggles to pay Mercator award, Delhi HC warns
Dredging Corporation of India Ltd told the Delhi High Court it has severe cash-flow constraints, making it difficult to pay an award of over Rs 51 crore to Mercator Ltd. Two attempts to auction its dredger to raise funds have failed. Dredging Corporation of India Ltd, which has a market capitalisation of around Rs 2,900 … Read more