Sunday, September 26, 2021

AAI sub-contractors demand action against M/s NM Construction

Imphal: Sub-contractors of Airport Authority of India (AAI) has sought action against M/s NM Construction regarding the mismanagement of funds amounting to about Rs 2 crore deposited by AAI to Manipur Tribal Development Corporation Limited (MTDC).

Speaking to the media at a press conference held at Kwakeithel today, one of the sub-contractors, H Kiran said project for development of Tezu Airport in Arunachal Pradesh was awarded to M/s NM Construction but as the progress of the project was not satisfactory, the contract was cancelled. On final settlement it was found that the company had spend a little more than Rs 1.08 crore and the cheque submitted by the company as Bank Guarantee (BG) also bounced.

26/09/21 Sangai Express

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