The Hon'ble NCLT, Kolkata by order dated April 18, 2018 has approved Resolution Plan of MBL Infrastructures Ltd. submitted by its Promoter, Mr. A. K. Lakhotia. The powers of the Board of Directors and Committees of the Board have been reinstated with immediate effect. The management and control of the business of the Company during the term of the Resolution Plan will be with the Board of Directors of the Company. Mr. A. K. Lakhotia shall act as Chairman and Managing Director of the company. The operations of the company would be managed by professional Key Managerial Personnel. There will be strengthening of the management of the Company by inducting more experienced professionals. There would be strengthening of the Board of Directors of the Company.