NEW DELHI: Delhi High Court on Wednesday directed the Delhi Metro Rail Corporation (DMRC) to disclose money lying in its various bank accounts, to gauge how an arbitral award won by Reliance Infrastructure’s subsidiary company against the transport corporation can be enforced.
The high court sought details of the Delhi Metro’s bank accounts after taking note of about Rs 1,642.5 crore available with DMRC.
Justice Suresh Kumar Kait also agreed with the stand of subsidiary company Delhi Airport Metro Express Private Limited (DAMEPL) that since the company does not want to accept the corporation’s offer of taking over its debts to the extent of the award which can be paid directly to the lenders, the court can’t force it to do so. However, at the same time, the court also underlined that the court can’t attach DMRC’s properties as per embargo due to Section 89 (of The Metro Railways (Operation and Maintenance) Act, 2002).
