The Delhi high court on Wednesday directed Delhi Metro Rail Corporation (DMRC) to give details of all its bank accounts in connection with a plea by Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure Limited, seeking execution of an arbitral award of ₹4,600 crore.
“The DMRC is directed to furnish the details of bank accounts… in Delhi or outside Delhi. It will also be mentioned in the affidavit, how much amount is lying in a particular account,” the court ordered.
The amount is the compensation awarded to DAMEPL over an agreement terminated in October 2012 on account of DMRC failing to resolve defects in the structure supporting the Airport Metro Express Line. The DMRC had earlier offered to accept DAMEPL’s liabilities to the extent of the award.
