https://www.taxtmi.com/news?id=49832 The audit found MPEL's payment of compensation for toll revenue loss during the COVID 19 lockdown inconsistent with the sub concession agreement, which required the sub concessionaire to insure against non political force majeure and to bear such losses; the sub concessionaire lacked the required insurance, MPEL's board nonetheless approved payment, the audit characterised this as undue favour, and mediation and recovery proceedings were subsequently initiated. en-us Fri, 18 Jul 2025 17:16:03 +0530 Fri, 18 Jul 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49832 The audit found MPEL's payment of compensation for toll revenue loss during the COVID 19 lockdown inconsistent with the sub concession agreement, which required the sub concessionaire to insure against non political force majeure and to bear such losses; the sub concessionaire lacked the required insurance, MPEL's board nonetheless approved payment, the audit characterised this as undue favour, and mediation and recovery proceedings were subsequently initiated. News - Fri, 18 Jul 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=49832